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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC1 year Filed as: M&T SECURITIES Service code 27 · EIN 16-1263079 | Advisory (Plan) | $7,362 |
Service code 37 · EIN 04-2647786 | Loan Processing | $7,214 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $21,201 | $23,224-8.7% | $71,089-70.2% | $55,725-62.0% |
| Participation rate | 18.3% | 37.9%-19.6pp | 54.6%-36.4pp | 70.9%-52.6pp |
| Annual return | -13.54% | -2.87%-10.7pp | 650.65%-664.2pp | 244.93%-258.5pp |
| Employer contribution / active EE | $302 | $436-30.7% | $1,088-72.2% | $2,078-85.5% |
| Participant deferral / active EE | $614 | $929-33.9% | $1,873-67.2% | $3,356-81.7% |
| Admin fee / account holder | $174 | $118+47.4% | $3,082-94.4% | $115+51.0% |