Filed September 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $116,625 |
BOENNING & SCATTERGOOD1 year Filed as: BOENNING & SCATTERGOOD INC Service code 27 · EIN 23-1720062 | Advisory (Plan) | $69,962 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $7,302 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $114,241 | $56,095+103.7% | $178,510-36.0% | $90,274+26.5% |
| Participation rate | 58.5% | 65.6%-7.0pp | 81.9%-23.4pp | 73.4%-14.8pp |
| Annual return | 15.29% | 28.81%-13.5pp | 151.13%-135.8pp | 53.97%-38.7pp |
| Employer contribution / active EE | $3,398 | $1,572+116.1% | $5,011-32.2% | $2,523+34.7% |
| Participant deferral / active EE | $3,483 | $2,669+30.5% | $5,202-33.1% | $4,231-17.7% |
| Admin fee / account holder | $127 | $101+26.6% | $13,988-99.1% | $114+11.7% |