Filed January 27, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $83,843 |
Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 HARBORSIDE FINANCIAL CTR · JERSEY CITY, NJ 07311 | Advisory (Participants) | $34,610 |
Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 | Recordkeeping | $30,484 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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).
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 | $35,101 | $117,734-70.2% | $115,752-69.7% | $77,958-55.0% |
| Participation rate | 87.0% | 82.0%+4.9pp | 77.8%+9.2pp | 71.6%+15.3pp |
| Annual return | 21.16% | 17.65%+3.5pp | 19.41%+1.7pp | 20.87%+0.3pp |
| Employer contribution / active EE | $34 | $2,736-98.7% | $3,492-99.0% | $2,310-98.5% |
| Participant deferral / active EE | $3,304 | $4,435-25.5% | $5,204-36.5% | $3,537-6.6% |
| Admin fee / account holder | $124 | $75+65.7% | $6,278-98.0% | $97+27.5% |