Filed October 23, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Float revenue; Participant communicat... | $215,920 |
JACOBS AND ASSOCIATES, LLC4+ years Service code 10 · EIN 46-1151899 | Accounting | $95,971 |
MERCER1 year Filed as: MERCER INVESTMENT MANAGEMENT Service code 27 · EIN 30-0282430 | Advisory (Plan) | $92,812 |
CARON & BLETZER, PLLC1 year Filed as: CARON & BLETZER Service code 10 · EIN 04-3499945 | Accounting | $6,925 |
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,931 | $73,367-60.6% | $169,463-82.9% | $73,367-60.6% |
| Participation rate | 22.6% | 69.5%-46.9pp | 77.8%-55.2pp | 69.5%-46.9pp |
| Annual return | -4.78% | 173.45%-178.2pp | 1.83%-6.6pp | 173.45%-178.2pp |
| Employer contribution / active EE | $231 | $2,499-90.7% | $4,159-94.4% | $2,499-90.7% |
| Participant deferral / active EE | $908 | $4,033-77.5% | $5,277-82.8% | $4,033-77.5% |
| Admin fee / account holder | $85 | $68+24.1% | $9,109-99.1% | $68+24.1% |