Filed November 2, 2021
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
INDEPENDENT FINANCIAL PARTNERS2+ years Service code 28 · EIN 59-3331424 | Investment Management | $18,874 |
Participant 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 | $72,409 | $85,199-15.0% | $57,196+26.6% | $63,975+13.2% |
| Participation rate | 97.0% | 74.0%+23.0pp | 75.3%+21.7pp | 71.1%+25.9pp |
| Annual return | 163.69% | 10.43%+153.3pp | 14.59%+149.1pp | 48.65%+115.0pp |
| Employer contribution / active EE | $1,299 | $3,446-62.3% | $2,683-51.6% | $2,182-40.5% |
| Participant deferral / active EE | $261 | $3,109-91.6% | $3,096-91.6% | $3,356-92.2% |
| Admin fee / account holder | $7 | $39-83.1% | $3,141-99.8% | $70-90.7% |