Filed June 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
HFM INVESTMENT ADVISORS1 year Filed as: HFM INVESTMENT ADVISORS, LLC Service code 26 102 WEST HIGH STREET · GLASSBORO, NJ 08028 | Advisory (Participants) | $25,555 |
EPLAN ADVISORS, LLC4 years Filed as: EPLAN SERVICES, INC. Service code 13 4300 KITTREDGE ST., SUITE 100 · DENVER, CO 80239 | Contract Administrator | $6,868 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,052 | $89,465-51.9% | $165,100-73.9% | $77,762-44.6% |
| Participation rate | 51.8% | 78.6%-26.9pp | 78.6%-26.9pp | 70.6%-18.8pp |
| Annual return | 49.68% | 28.86%+20.8pp | 70.21%-20.5pp | 31.27%+18.4pp |
| Employer contribution / active EE | $1,181 | $2,565-53.9% | $4,348-72.8% | $2,728-56.7% |
| Participant deferral / active EE | $2,720 | $4,904-44.5% | $6,035-54.9% | $4,651-41.5% |
| Admin fee / account holder | $169 | $340-50.3% | $12,696-98.7% | $433-61.0% |