Filed October 1, 2024 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: CPI QUALIFIED PLAN CONSULTANTS INC Service code 12 · EIN 48-1205033 | Recordkeeping fees; Direct payment fr... | $3,662 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $45,325 | $44,221+2.5% | $121,220-62.6% | $56,289-19.5% |
| Participation rate | 16.5% | 61.1%-44.6pp | 71.8%-55.3pp | 69.9%-53.4pp |
| Annual return | -10.87% | -3.58%-7.3pp | 16.94%-27.8pp | -9.96%-0.9pp |
| Employer contribution / active EE | $0 | $1,480-100.0% | $4,023-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,133 | $2,521-55.1% | $3,345-66.1% | $3,350-66.2% |
| Admin fee / account holder | $72 | $480-85.1% | $5,021-98.6% | $521-86.2% |