Filed December 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
RELIANCE TRUST COMPANY2+ years Service code 60 · EIN 58-1428634 | Sub-TA Fees | $12,397 |
MFS INVESTMENT MANAGEMENT2+ years Filed as: MFS MUTUAL FUNDS Service code 28 · EIN 04-3158862 | Investment Management | $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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $16,139 | $39,819-59.5% | $67,834-76.2% | $57,658-72.0% |
| Participation rate | 19.6% | 61.2%-41.6pp | 68.8%-49.2pp | 70.2%-50.6pp |
| Annual return | 8.06% | 9.19%-1.1pp | 138.47%-130.4pp | 5.13%+2.9pp |
| Employer contribution / active EE | $309 | $1,277-75.8% | $2,403-87.1% | $1,974-84.3% |
| Participant deferral / active EE | $656 | $2,209-70.3% | $3,160-79.2% | $3,061-78.6% |
| Admin fee / account holder | $0 | $84-100.0% | $4,622-100.0% | $95-100.0% |