Filed April 11, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY GLOBAL BANKING Service code 26 1300 THAMES STREET WHARF · BALTIMORE, MD 21231 | Advisory (Participants) | $123,493 |
Service code 61 · EIN 04-3333156 | Finders' fees / placement fees | $0 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $0 |
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 | $44,751 | $127,481-64.9% | $149,745-70.1% | $90,274-50.4% |
| Participation rate | 47.3% | 78.2%-30.9pp | 82.5%-35.2pp | 73.4%-26.0pp |
| Annual return | 18.49% | 57.78%-39.3pp | 276.72%-258.2pp | 53.97%-35.5pp |
| Employer contribution / active EE | $266 | $3,448-92.3% | $4,646-94.3% | $2,523-89.5% |
| Participant deferral / active EE | $6,123 | $6,975-12.2% | $6,843-10.5% | $4,231+44.7% |
| Admin fee / account holder | $65 | $152-56.9% | $9,312-99.3% | $114-42.7% |