Filed October 23, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
JPMORGAN INVEST HOLDINGS LLC4 years Service code 64 · EIN 13-2624428 | Recordkeeping Fees | $279,300 |
KAUFMAN ROSSIN & CO4 years Filed as: KAUFMAN ROSSIN & CO P.A. Service code 10 2699 S BAYSHORE DR · MIAMI, FL 33133 | Accounting | $143,625 |
MERCER3 years Filed as: MERCER (US) INC MERCER INVESTMENTS Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673 | Advisory (Plan) | $112,500 |
MMA SECURITIES LLC1 year Service code 99 PO BOX 9497 · NEW YORK, NY 10087 | Other Fees | $36,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer 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).
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 | $46,033 | $166,271-72.3% | $163,379-71.8% | $166,271-72.3% |
| Participation rate | 43.4% | 79.1%-35.7pp | 76.8%-33.4pp | 79.1%-35.7pp |
| Annual return | 15.93% | 15.58%+0.4pp | 63.41%-47.5pp | 15.58%+0.4pp |
| Employer contribution / active EE | $557 | $4,136-86.5% | $3,752-85.2% | $4,136-86.5% |
| Participant deferral / active EE | $2,217 | $7,214-69.3% | $6,282-64.7% | $7,214-69.3% |
| Admin fee / account holder | $69 | $445-84.6% | $9,818-99.3% | $445-84.6% |