Filed April 11, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 04-3333156 | Advisory (Plan) | $56,631 |
Service code 37 · EIN 04-2647786 | Loan Processing | $3,300 |
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.
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 | $31,191 | $88,324-64.7% | $115,038-72.9% | $55,191-43.5% |
| Participation rate | 48.0% | 72.5%-24.5pp | 81.4%-33.4pp | 69.2%-21.2pp |
| Annual return | 2.85% | 6.30%-3.4pp | 26.14%-23.3pp | 10.78%-7.9pp |
| Employer contribution / active EE | $151 | $2,805-94.6% | $4,608-96.7% | $1,899-92.1% |
| Participant deferral / active EE | $5,266 | $5,042+4.4% | $6,026-12.6% | $3,046+72.8% |
| Admin fee / account holder | $63 | $105-40.2% | $8,175-99.2% | $91-30.6% |