Filed January 13, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $30,035 |
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $8,697 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,189 | $89,652-83.1% | $141,197-89.2% | $65,186-76.7% |
| Participation rate | 70.4% | 74.7%-4.3pp | 82.5%-12.0pp | 70.2%+0.2pp |
| Annual return | 31.55% | 32.79%-1.2pp | 71.41%-39.9pp | 29.39%+2.2pp |
| Employer contribution / active EE | $761 | $3,065-75.2% | $4,736-83.9% | $2,177-65.1% |
| Participant deferral / active EE | $2,833 | $5,691-50.2% | $6,710-57.8% | $3,514-19.4% |
| Admin fee / account holder | $182 | $569-68.0% | $10,265-98.2% | $847-78.5% |