Filed March 11, 2016
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK2+ years Filed as: COMMONWEALTH FINANCIAL GROUP Service code 26 2570 BAIRD ROAD · PENFIELD, NY 14526 | Advisory (Participants) | $84,890 |
Service code 15 · EIN 16-1503696 | Recordkeeping | $5,236 |
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 | $66,724 | $36,916+80.7% | $156,551-57.4% | $57,658+15.7% |
| Participation rate | 75.0% | 63.4%+11.6pp | 84.0%-9.0pp | 70.2%+4.8pp |
| Annual return | 6.59% | 12.38%-5.8pp | 32.23%-25.6pp | 5.13%+1.5pp |
| Employer contribution / active EE | $1,389 | $1,571-11.6% | $5,501-74.8% | $1,974-29.6% |
| Participant deferral / active EE | $3,582 | $1,926+86.0% | $4,871-26.5% | $3,061+17.0% |
| Admin fee / account holder | $175 | $82+112.2% | $13,028-98.7% | $95+85.1% |