Filed February 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GALLAGHER BENEFIT SERVICES, INC Service code 16 · EIN 36-4291971 | Consulting | $9,000 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $350 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $26,027 | $26,479-1.7% | $74,719-65.2% | $77,775-66.5% |
| Participation rate | 21.9% | 37.6%-15.8pp | 54.5%-32.6pp | 73.2%-51.3pp |
| Annual return | 23.05% | 38.31%-15.3pp | 753.05%-730.0pp | 32.58%-9.5pp |
| Employer contribution / active EE | $94 | $440-78.6% | $1,084-91.3% | $2,504-96.2% |
| Participant deferral / active EE | $758 | $1,074-29.4% | $1,963-61.4% | $3,966-80.9% |
| Admin fee / account holder | $28 | $119-76.6% | $3,334-99.2% | $100-72.2% |