Filed October 3, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $62,230 |
Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 27 · EIN 36-3429599 | Advisory (Plan) | $57,826 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $276,752 | $76,696+260.8% | $96,538+186.7% | $71,529+286.9% |
| Participation rate | 93.8% | 66.6%+27.2pp | 74.3%+19.4pp | 67.9%+25.8pp |
| Annual return | 14.03% | 48.32%-34.3pp | 35.74%-21.7pp | 28.97%-14.9pp |
| Employer contribution / active EE | $13,543 | $3,032+346.7% | $3,740+262.1% | $2,590+422.9% |
| Participant deferral / active EE | $8,702 | $3,770+130.8% | $4,880+78.3% | $4,291+102.8% |
| Admin fee / account holder | $399 | $2,030-80.3% | $6,737-94.1% | $1,588-74.9% |