Filed April 12, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MATRIX TRUST COMPANY3+ years Filed as: MG TRUST COMPANY DBA MATRIX TRUST C Service code 15 · EIN 75-3182674 | Recordkeeping | $8,244 |
COMERICA BANK1 year Filed as: COMERICA SECURITIES Service code 27 455 CAPITOL MALL, SUITE 400 · SACRAMENTO, CA 45014 | Advisory (Plan) | $2,211 |
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $1,562 |
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).
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 | $80,310 | $45,324+77.2% | $122,354-34.4% | $69,631+15.3% |
| Participation rate | 50.1% | 59.9%-9.8pp | 71.6%-21.5pp | 70.7%-20.5pp |
| Annual return | 18.05% | 25.35%-7.3pp | 30.28%-12.2pp | 27571.02%-27553.0pp |
| Employer contribution / active EE | $204 | $1,230-83.4% | $4,051-95.0% | $2,032-90.0% |
| Participant deferral / active EE | $4,242 | $2,367+79.2% | $3,287+29.1% | $3,224+31.6% |
| Admin fee / account holder | $56 | $87-35.2% | $5,479-99.0% | $110-48.9% |