Filed May 29, 2019 (most recent of 3 filings on file)
Total covered: 115 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $82,000 |
Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $32,990 |
BONADIO & CO., LLP2+ years Filed as: BONADIO & COMPANY, LLP Service code 49 · EIN 16-1131146 | Other Services | $15,000 |
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $11,182 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,059 | $85,635-39.2% | $123,894-58.0% | $63,975-18.6% |
| Participation rate | 55.8% | 74.9%-19.2pp | 81.4%-25.6pp | 71.1%-15.4pp |
| Annual return | 8.50% | 15.74%-7.2pp | 47.52%-39.0pp | 48.65%-40.2pp |
| Employer contribution / active EE | $718 | $3,076-76.7% | $4,617-84.5% | $2,182-67.1% |
| Participant deferral / active EE | $4,176 | $5,667-26.3% | $5,984-30.2% | $3,356+24.4% |
| Admin fee / account holder | $40 | $75-46.3% | $8,357-99.5% | $70-42.8% |