Filed February 13, 2019
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| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $190,835 |
CAPFINANCIAL PARTNERS LLC9 years Filed as: CAPTRUST Service code 27 · EIN 26-0058143 | Advisory (Plan) | $90,000 |
KREISCHER MILLER10+ years Service code 10 · EIN 23-1980475 | Accounting | $55,021 |
KILPATRICK TOWNSEND6 years Service code 29 · EIN 58-0511774 | Legal | $10,632 |
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).
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $163,540 | $159,391+2.6% | $102,460+59.6% | $99,313+64.7% |
| Participation rate | 53.2% | 88.6%-35.3pp | 76.5%-23.3pp | 71.7%-18.5pp |
| Annual return | 16.50% | 19.03%-2.5pp | 29.47%-13.0pp | 17.67%-1.2pp |
| Employer contribution / active EE | $2,546 | $4,207-39.5% | $3,025-15.8% | $3,264-22.0% |
| Participant deferral / active EE | $4,025 | $7,498-46.3% | $5,056-20.4% | $5,346-24.7% |
| Admin fee / account holder | $56 | $159-64.5% | $9,460-99.4% | $109-48.3% |