Filed January 29, 2019
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
TIAA3 years Service code 64 · EIN 13-1624203 | Recordkeeping Fees | $50,091 |
Filed as: FIDELITY INV INST OPER CO INC Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $34,701 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $95,609 | $87,173+9.7% | $59,899+59.6% | $75,289+27.0% |
| Participation rate | 30.1% | 74.5%-44.4pp | 74.7%-44.6pp | 72.4%-42.3pp |
| Annual return | -3.01% | -2.14%-0.9pp | 3.46%-6.5pp | -0.04%-3.0pp |
| Employer contribution / active EE | $1,044 | $3,473-69.9% | $2,723-61.6% | $2,405-56.6% |
| Participant deferral / active EE | $2,230 | $3,379-34.0% | $3,403-34.5% | $3,739-40.3% |
| Admin fee / account holder | $35 | $75-53.5% | $3,592-99.0% | $102-66.0% |