Filed October 23, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
O'SULLIVAN ASSOCIATES1 year Filed as: SULLIVAN FINANCIAL ADVISORS Service code 26 15A MAIN ST · ESSEX, CT 06426 | Advisory (Participants) | $11,782 |
SULLIVAN FINANCIAL LLC3 years Service code 26 7 WATER ST. · SOUTH GLASTONBURY, CT 06073 | Advisory (Participants) | $11,325 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $54,583 | $54,5730% | $90,970-40.0% | $73,493-25.7% |
| Participation rate | 40.3% | 61.2%-20.9pp | 69.0%-28.8pp | 70.7%-30.4pp |
| Annual return | 11.56% | 16.69%-5.1pp | 134.58%-123.0pp | 28.51%-16.9pp |
| Employer contribution / active EE | $209 | $991-78.9% | $2,122-90.2% | $2,270-90.8% |
| Participant deferral / active EE | $2,275 | $2,517-9.6% | $3,373-32.6% | $3,740-39.2% |
| Admin fee / account holder | $198 | $521-62.0% | $5,960-96.7% | $513-61.4% |