Filed February 13, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $397,920 |
CAPFINANCIAL PARTNERS LLC7 years Filed as: CAPTRUST Service code 27 · EIN 26-0058143 | Advisory (Plan) | $90,000 |
KREISCHER MILLER8+ years Service code 10 · EIN 23-1980475 | Accounting | $48,773 |
Service code 35 · EIN 22-3015350 | Employee (plan sponsor) | $34,459 |
KILPATRICK TOWNSEND4 years Service code 29 · EIN 58-0511774 | Legal | $13,846 |
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.
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 | $126,701 | $106,087+19.4% | $86,717+46.1% | $78,104+62.2% |
| Participation rate | 59.4% | 89.6%-30.2pp | 76.6%-17.2pp | 74.5%-15.1pp |
| Annual return | -30.16% | -14.87%-15.3pp | 35.97%-66.1pp | 10.90%-41.1pp |
| Employer contribution / active EE | $4,161 | $4,110+1.2% | $2,837+46.7% | $3,128+33.1% |
| Participant deferral / active EE | $6,057 | $6,851-11.6% | $4,657+30.1% | $5,089+19.0% |
| Admin fee / account holder | $90 | $81+10.6% | $7,494-98.8% | $79+13.8% |