Filed March 2, 2020 (most recent of 2 filings on file)
Total covered: 227 employees
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $457,030 |
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $254,299 | $164,350+54.7% | $95,968+165.0% | $106,273+139.3% |
| Participation rate | 99.1% | 90.5%+8.7pp | 77.1%+22.1pp | 70.8%+28.3pp |
| Annual return | 18.45% | 14.56%+3.9pp | 91.65%-73.2pp | 21.70%-3.2pp |
| Employer contribution / active EE | $3,591 | $4,292-16.3% | $2,542+41.3% | $2,722+31.9% |
| Participant deferral / active EE | $7,493 | $7,854-4.6% | $4,167+79.8% | $4,601+62.9% |
| Admin fee / account holder | $40 | $65-39.2% | $6,798-99.4% | $78-49.2% |