Filed December 30, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: IFP ADVISORS INC DBA Service code 27 INDEPENDENT FINANCIAL PARTNER · TAMPA, FL 33607 | Advisory (Plan) | $24,331 |
Service code 13 88 BOYD AVE · EAST PROVIDENCE, RI 02914 | Contract Administrator | $4,765 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $115,774 | $85,766+35.0% | $136,298-15.1% | $70,126+65.1% |
| Participation rate | 78.0% | 74.2%+3.9pp | 81.9%-3.9pp | 69.5%+8.5pp |
| Annual return | 16.93% | 31.46%-14.5pp | 5156.27%-5139.3pp | 73.15%-56.2pp |
| Employer contribution / active EE | $1,342 | $2,966-54.7% | $4,696-71.4% | $2,343-42.7% |
| Participant deferral / active EE | $6,154 | $5,051+21.8% | $6,247-1.5% | $3,332+84.7% |
| Admin fee / account holder | $28 | $5,421-99.5% | $9,244-99.7% | $4,645-99.4% |