Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $86,021 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $14,715 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $42,500 | $102,389-58.5% | $100,540-57.7% | $90,274-52.9% |
| Participation rate | 88.8% | 84.0%+4.7pp | 79.4%+9.3pp | 73.4%+15.4pp |
| Annual return | 44.15% | 22.50%+21.6pp | 30.90%+13.3pp | 53.97%-9.8pp |
| Employer contribution / active EE | $2,150 | $3,056-29.7% | $3,419-37.1% | $2,523-14.8% |
| Participant deferral / active EE | $10,092 | $7,514+34.3% | $6,272+60.9% | $4,231+138.6% |
| Admin fee / account holder | $61 | $83-27.3% | $8,082-99.3% | $114-46.9% |