Filed February 10, 2005 (most recent of 3 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $2,522,905 |
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUM SMITH + BROWN PC Service code 10 · EIN 22-2027092 | Accounting | $116,480 |
NEW ENGLAND RETIREMENT CONSULTANTS10+ years Service code 16 · EIN 20-5322603 | Consulting | $55,412 |
Filed as: MORGAN STANLEY Service code 27 · EIN 11-3658445 | Advisory (Plan) | $43,893 |
CARON & BLETZER, PLLC1 year Service code 10 · EIN 04-3499945 | Accounting | $12,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $89,079 | $73,283+21.6% | $155,556-42.7% | $106,553-16.4% |
| Participation rate | 63.6% | 73.3%-9.7pp | 78.2%-14.7pp | 69.8%-6.3pp |
| Annual return | 13.02% | 15.76%-2.7pp | 64.84%-51.8pp | 17.37%-4.3pp |
| Employer contribution / active EE | $1,310 | $2,241-41.5% | $4,675-72.0% | $3,359-61.0% |
| Participant deferral / active EE | $4,412 | $4,567-3.4% | $5,631-21.6% | $5,562-20.7% |
| Admin fee / account holder | $53 | $56-4.5% | $15,885-99.7% | $80-33.0% |