Filed December 21, 2018
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $123,849 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $16,610 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $69,947 | $53,204+31.5% | $155,556-55.0% | $200,096-65.0% |
| Participation rate | 62.9% | 64.1%-1.2pp | 78.2%-15.4pp | 72.0%-9.1pp |
| Annual return | 18.04% | 41.02%-23.0pp | 64.84%-46.8pp | 34.26%-16.2pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $4,675-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $4,412 | $3,163+39.5% | $5,631-21.6% | $5,090-13.3% |
| Admin fee / account holder | $36 | $186-80.5% | $15,885-99.8% | $269-86.5% |