Filed September 6, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $291,508 |
Filed as: CAPFINANCIAL PARTNERS Service code 27 · EIN 26-0058143 | Advisory (Plan) | $60,000 |
Filed as: HARTER SECREST & EMERY Service code 29 · EIN 16-0766172 | Legal | $11,680 |
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.
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 | $47,349 | $100,179-52.7% | $84,029-43.7% | $89,609-47.2% |
| Participation rate | 29.9% | 54.1%-24.2pp | 69.0%-39.1pp | 69.6%-39.7pp |
| Annual return | 21.76% | 22.50%-0.7pp | 71.32%-49.6pp | 33.65%-11.9pp |
| Employer contribution / active EE | $0 | $816-100.0% | $1,984-100.0% | $2,584-100.0% |
| Participant deferral / active EE | $876 | $1,459-40.0% | $3,239-72.9% | $4,222-79.2% |
| Admin fee / account holder | $96 | $72+33.6% | $6,102-98.4% | $72+34.5% |