Filed April 9, 2018
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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK7+ years Service code 27 · EIN 04-2675571 | Advisory (Plan) | $126,810 |
Service code 37 · EIN 04-2647786 | Loan Processing | $88,550 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,698 | $82,202-4.3% | $125,339-37.2% | $64,808+21.4% |
| Participation rate | 99.3% | 77.9%+21.5pp | 82.4%+17.0pp | 71.5%+27.9pp |
| Annual return | -16.30% | 3.48%-19.8pp | 572.05%-588.4pp | 32.82%-49.1pp |
| Employer contribution / active EE | $5,758 | $3,615+59.3% | $4,814+19.6% | $2,506+129.8% |
| Participant deferral / active EE | $11,171 | $7,175+55.7% | $7,446+50.0% | $4,310+159.2% |
| Admin fee / account holder | $260 | $163+59.1% | $10,010-97.4% | $188+38.3% |