Filed June 4, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 93-0987232 | Advisory (Plan) | $79,403 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $66,110 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $65,184 | $42,367+53.9% | $79,583-18.1% | $64,824+0.6% |
| Participation rate | 64.2% | 64.7%-0.5pp | 69.5%-5.2pp | 71.5%-7.2pp |
| Annual return | -15.53% | -12.24%-3.3pp | 0.16%-15.7pp | 32.84%-48.4pp |
| Employer contribution / active EE | $1,941 | $1,181+64.4% | $2,414-19.6% | $2,507-22.6% |
| Participant deferral / active EE | $3,807 | $3,168+20.2% | $3,986-4.5% | $4,311-11.7% |
| Admin fee / account holder | $394 | $160+146.9% | $6,835-94.2% | $188+109.7% |