Filed June 4, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $329,711 |
Service code 26 · EIN 43-1451524 | Advisory (Participants) | $93,333 |
CLIFTONLARSONALLEN LLP2 years Service code 10 · EIN 41-0746749 | Accounting | $29,138 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $12,201 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,533 | $106,382-70.4% | $129,207-75.6% | $106,382-70.4% |
| Participation rate | 30.8% | 69.9%-39.0pp | 69.6%-38.8pp | 69.9%-39.0pp |
| Annual return | 15.11% | 17.37%-2.3pp | 9417.33%-9402.2pp | 17.37%-2.3pp |
| Employer contribution / active EE | $211 | $3,364-93.7% | $4,153-94.9% | $3,364-93.7% |
| Participant deferral / active EE | $1,416 | $5,569-74.6% | $4,168-66.0% | $5,569-74.6% |
| Admin fee / account holder | $80 | $79+0.6% | $7,715-99.0% | $79+0.6% |