Filed March 27, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $108,288 |
MORGAN STANLEY SMITH BARNEY8 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829 | Advisory (Participants) | $52,861 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $36,587 | $48,669-24.8% | $93,654-60.9% | $199,768-81.7% |
| Participation rate | 67.7% | 63.7%+4.0pp | 68.7%-1.0pp | 72.0%-4.3pp |
| Annual return | 15.19% | 15.38%-0.2pp | 133.34%-118.1pp | 34.26%-19.1pp |
| Employer contribution / active EE | $206 | $1,137-81.9% | $2,421-91.5% | $3,037-93.2% |
| Participant deferral / active EE | $3,489 | $2,823+23.6% | $4,413-20.9% | $5,090-31.4% |
| Admin fee / account holder | $74 | $195-62.3% | $8,282-99.1% | $269-72.7% |