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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BEACON BENEFITS, INC. Service code 49 | Other Services | $1,665 |
MORNINGSTAR1 year Service code 27 | Advisory (Plan) | $575 |
Filed as: STRATEGIC RETIREMENT PLAN CONSULTAN Service code 99 · EIN 81-2204426 | Other Fees | $0 |
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.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,813 | $104,336-72.4% | $159,487-81.9% | $86,821-66.8% |
| Participation rate | 41.4% | 77.7%-36.3pp | 82.8%-41.4pp | 72.3%-30.8pp |
| Annual return | 16.57% | 26.32%-9.8pp | 263.71%-247.1pp | 97.94%-81.4pp |
| Employer contribution / active EE | $530 | $3,451-84.6% | $4,831-89.0% | $2,406-78.0% |
| Participant deferral / active EE | $3,283 | $6,837-52.0% | $7,354-55.4% | $4,132-20.5% |
| Admin fee / account holder | $24 | $172-86.0% | $10,804-99.8% | $170-85.7% |