Filed January 3, 2024
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| Provider | Service type | Compensation |
|---|---|---|
RETIREMENT STRATEGIES, INC.1+ years Filed as: RETIREMENT STRATEGIES, INCORPORATED Service code 13 · EIN 58-2380163 229 FURY'S FERRY ROAD · AUGUSTA, GA 30907 | Contract Administrator | $12,297 |
Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $201 |
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY INSURANCE SERVICES Service code 53 | Insurance Commissions | $108 |
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANELY INSURANCE SERVICES Service code 71 · EIN 13-2655998 320 EAST MAIN STREET · SPARTANBURG, SC 29302 | Brokerage Fees | $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.
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 | $17,915 | $36,978-51.6% | $155,789-88.5% | $59,188-69.7% |
| Participation rate | 18.0% | 62.7%-44.7pp | 76.1%-58.1pp | 69.4%-51.4pp |
| Annual return | 4.46% | 5.44%-1.0pp | 71.54%-67.1pp | 5.51%-1.0pp |
| Employer contribution / active EE | $393 | $1,222-67.9% | $3,839-89.8% | $2,098-81.3% |
| Participant deferral / active EE | $678 | $2,795-75.7% | $4,798-85.9% | $3,265-79.2% |
| Admin fee / account holder | $13 | $65-80.5% | $7,477-99.8% | $92-86.2% |