Filed May 4, 2023
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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 | $73,578 | $108,617-32.3% | $108,421-32.1% | $93,010-20.9% |
| Participation rate | 85.2% | 83.1%+2.1pp | 80.1%+5.1pp | 73.9%+11.3pp |
| Annual return | 41.31% | 21.63%+19.7pp | 905.61%-864.3pp | 158.70%-117.4pp |
| Employer contribution / active EE | $5,604 | $3,249+72.5% | $3,560+57.4% | $2,705+107.2% |
| Participant deferral / active EE | $15,058 | $7,885+91.0% | $6,564+129.4% | $4,561+230.2% |
| Admin fee / account holder | $2 | $94-97.4% | $7,298-100.0% | $152-98.4% |