Filed May 10, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | -$20,351 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $67,572 | $88,324-23.5% | $115,037-41.3% | $55,191+22.4% |
| Participation rate | 99.6% | 72.5%+27.1pp | 81.4%+18.3pp | 69.2%+30.5pp |
| Annual return | 0.50% | 6.30%-5.8pp | 26.14%-25.6pp | 10.78%-10.3pp |
| Employer contribution / active EE | $9,294 | $2,805+231.4% | $4,608+101.7% | $1,899+389.5% |
| Participant deferral / active EE | $10,826 | $5,042+114.7% | $6,026+79.6% | $3,046+255.4% |
| Admin fee / account holder | -$27 | $105-125.7% | $8,175-100.3% | $91-129.9% |