Filed November 3, 2023
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| Provider | Service type | Compensation |
|---|---|---|
TIAA6 years Service code 15 · EIN 13-1624203 | Recordkeeping | $73,576 |
Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 28 · EIN 47-1411118 | Investment Management | $29,375 |
MAYER HOFFMAN MCCANN P.C.3 years Filed as: MAYER HOFFMAN MCCANN PC Service code 10 · EIN 43-1947695 | Accounting | $15,000 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,327 | $83,884+32.7% | $64,056+73.8% | $74,419+49.6% |
| Participation rate | 100.0% | 76.6%+23.4pp | 72.3%+27.7pp | 70.7%+29.3pp |
| Annual return | 13.93% | 16.57%-2.6pp | 33.69%-19.8pp | 34.38%-20.4pp |
| Employer contribution / active EE | $4,428 | $3,084+43.6% | $2,747+61.2% | $2,637+67.9% |
| Participant deferral / active EE | $4,559 | $3,692+23.5% | $3,880+17.5% | $4,528+0.7% |
| Admin fee / account holder | $118 | $196-39.9% | $3,068-96.2% | $348-66.1% |