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| Provider | Service type | Compensation |
|---|---|---|
PREFERRED RESOURCE SOLUTIONS6+ years Service code 16 · EIN 27-3254630 5088 CORPORATE EXCHANGE BLVD · GRAND RAPIDS, MI 49512 | Consulting | $454,497 |
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $309,470 |
Service code 10 · EIN 38-2426290 360 E BELTLINE AVE NE · GRAND RAPIDS, MI 49506 | Accounting | $13,730 |
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.
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 | $1,238 | $36,321-96.6% | $89,435-98.6% | $106,273-98.8% |
| Participation rate | 23.3% | 29.8%-6.6pp | 68.0%-44.7pp | 70.8%-47.5pp |
| Annual return | 18.95% | 24.00%-5.0pp | 245.55%-226.6pp | 21.70%-2.7pp |
| Employer contribution / active EE | $0 | $507-100.0% | $2,587-100.0% | $2,722-100.0% |
| Participant deferral / active EE | $4 | $1,286-99.7% | $3,890-99.9% | $4,601-99.9% |
| Admin fee / account holder | $51 | $78-34.9% | $4,884-99.0% | $78-35.4% |