Filed July 25, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 62 · EIN 04-1590850 | Float revenue; Recordkeeping fees | $240,854 |
Filed as: CBIZ INVESTMENT ADVISORY SERVICES, Service code 26 · EIN 81-3968784 | Advisory (Participants) | $48,729 |
Filed as: SMITH GAMBRELL & RUSSELL LLP Service code 29 PO BOX 930930 · ATLANTA, GA 311930930 | Legal | $26,755 |
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $12,748 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,032 | $90,672-58.1% | $125,381-69.7% | $89,433-57.5% |
| Participation rate | 8.0% | 72.3%-64.3pp | 82.4%-74.4pp | 71.3%-63.3pp |
| Annual return | -15.18% | -6.42%-8.8pp | 572.31%-587.5pp | -11.88%-3.3pp |
| Employer contribution / active EE | $0 | $3,032-100.0% | $4,815-100.0% | $3,021-100.0% |
| Participant deferral / active EE | $481 | $7,210-93.3% | $7,448-93.5% | $5,125-90.6% |
| Admin fee / account holder | $141 | $69+104.2% | $10,007-98.6% | $79+77.6% |