Filed July 10, 2019
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| Provider | Service type | Compensation |
|---|---|---|
MERIT BENEFITS GROUP, INC.2 years Filed as: MERIT FINANCIAL ADVISORS Service code 27 · EIN 45-3686473 | Advisory (Plan) | $37,749 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $35,539 |
RETIREMENT PLANNERS & ADMINISTRATOR10+ years Service code 13 · EIN 62-1038805 | Contract Administrator | $12,098 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,961 | $55,415-9.8% | $155,509-67.9% | $74,495-32.9% |
| Participation rate | 100.0% | 61.9%+38.1pp | 78.2%+21.8pp | 67.2%+32.8pp |
| Annual return | 12.47% | 268.50%-256.0pp | 64.67%-52.2pp | 1364.94%-1352.5pp |
| Employer contribution / active EE | $4,310 | $2,267+90.1% | $4,672-7.8% | $2,623+64.3% |
| Participant deferral / active EE | $6,885 | $2,836+142.8% | $5,626+22.4% | $4,346+58.4% |
| Admin fee / account holder | $259 | $1,738-85.1% | $15,912-98.4% | $1,942-86.6% |