Filed November 1, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION4+ years Service code 27 700 DISTRICT AVENUE, 9TH FLOOR · BURLINGTON, MA 01803 | Advisory (Plan) | $16,643 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $14,978 |
COMMONWEALTH FINANCIAL NETWORK4+ years Service code 27 ONE UNIVERSITY PLACE · WALTHAM, MA 02453 | Advisory (Plan) | $8,321 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $55,917 | $44,873+24.6% | $79,466-29.6% | $56,287-0.7% |
| Participation rate | 53.0% | 68.7%-15.7pp | 73.3%-20.3pp | 69.9%-16.8pp |
| Annual return | -6.19% | 0.81%-7.0pp | 718.28%-724.5pp | -9.96%+3.8pp |
| Employer contribution / active EE | $300 | $2,140-86.0% | $2,800-89.3% | $2,111-85.8% |
| Participant deferral / active EE | $3,944 | $2,746+43.6% | $3,704+6.5% | $3,350+17.7% |
| Admin fee / account holder | $265 | $418-36.7% | $5,104-94.8% | $521-49.2% |