Filed April 12, 2023
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 61-1732930 | Recordkeeping fees; Float revenue | $12,508 |
EDWARD JONES3 years Service code 27 · EIN 43-0345811 | Advisory (Plan) | $5,344 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $3,861 |
Filed as: EDWARD D JONES & CO LP Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131 | Advisory (Plan) | $1,472 |
ASCENSUS LLC3 years Filed as: ADMIN PARTNERS, LLC Service code 13 · EIN 22-2894171 | Contract Administrator | $973 |
ASCENSUS LLC1 year Filed as: ADMIN PARTNERS LLC Service code 13 200 LAKE DRIVE EAST SUITE 102 · CHERRY HILL, NJ 08002 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,033 | $42,894+0.3% | $60,874-29.3% | $68,494-37.2% |
| Participation rate | 40.9% | 66.8%-25.9pp | 73.1%-32.2pp | 67.9%-27.0pp |
| Annual return | -13.96% | -13.98%0pp | 16.90%-30.9pp | -7.84%-6.1pp |
| Employer contribution / active EE | $2,000 | $1,978+1.1% | $2,701-26.0% | $2,596-23.0% |
| Participant deferral / active EE | $3,447 | $2,867+20.2% | $3,817-9.7% | $4,027-14.4% |
| Admin fee / account holder | $163 | $3,101-94.7% | $3,224-94.9% | $5,403-97.0% |