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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC2 years Filed as: M&T SECURITIES Service code 27 · EIN 16-1263079 | Advisory (Plan) | $10,885 |
Service code 37 · EIN 04-2647786 | Loan Processing | $10,073 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $28,641 | $31,679-9.6% | $74,723-61.7% | $65,186-56.1% |
| Participation rate | 26.4% | 40.4%-13.9pp | 54.5%-28.0pp | 70.2%-43.8pp |
| Annual return | 23.83% | 39.04%-15.2pp | 753.18%-729.4pp | 29.39%-5.6pp |
| Employer contribution / active EE | $531 | $566-6.2% | $1,084-51.0% | $2,177-75.6% |
| Participant deferral / active EE | $925 | $1,191-22.3% | $1,962-52.8% | $3,514-73.7% |
| Admin fee / account holder | $248 | $379-34.5% | $3,335-92.6% | $847-70.7% |