Filed November 3, 2020 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 27 · EIN 04-2647786 | Advisory (Plan) | $20,706 |
Service code 37 · EIN 04-2647786 | Loan Processing | $763 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,222 | $37,134+78.3% | $100,671-34.2% | $52,331+26.5% |
| Participation rate | 50.0% | 57.7%-7.7pp | 70.7%-20.7pp | 68.1%-18.1pp |
| Annual return | -0.03% | 0.10%-0.1pp | 20.43%-20.5pp | 4.54%-4.6pp |
| Employer contribution / active EE | $644 | $1,187-45.8% | $4,012-84.0% | $1,882-65.8% |
| Participant deferral / active EE | $3,001 | $2,163+38.7% | $3,144-4.5% | $3,022-0.7% |
| Admin fee / account holder | $201 | $467-57.0% | $4,850-95.9% | $592-66.1% |