Filed May 19, 2016
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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $7,786 |
Service code 37 · EIN 04-2647786 | Loan Processing | $3,481 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $100,556 | $73,404+37.0% | $87,103+15.4% | $67,582+48.8% |
| Participation rate | 38.2% | 80.9%-42.7pp | 76.9%-38.7pp | 71.3%-33.1pp |
| Annual return | 23.31% | 48.29%-25.0pp | 28.19%-4.9pp | 378.57%-355.3pp |
| Employer contribution / active EE | $479 | $2,014-76.2% | $2,521-81.0% | $2,148-77.7% |
| Participant deferral / active EE | $2,018 | $3,913-48.4% | $4,049-50.2% | $3,539-43.0% |
| Admin fee / account holder | $54 | $142-61.9% | $7,491-99.3% | $142-62.1% |