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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 20-8764829 | Advisory (Plan) | $40,822 |
Service code 12 · EIN 47-0098400 | Account maintenance fees; Recordkeepi... | $23,451 |
Service code 12 · EIN 23-0837700 | Other fees; Participant loan processi... | $17,309 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $75,856 | $40,435+87.6% | $80,627-5.9% | $74,460+1.9% |
| Participation rate | 76.2% | 47.4%+28.8pp | 67.0%+9.2pp | 70.7%+5.4pp |
| Annual return | 15.90% | 165.19%-149.3pp | 936.76%-920.9pp | 34.38%-18.5pp |
| Employer contribution / active EE | $1,686 | $1,498+12.6% | $2,723-38.1% | $2,638-36.1% |
| Participant deferral / active EE | $4,867 | $2,673+82.1% | $4,443+9.5% | $4,530+7.4% |
| Admin fee / account holder | $329 | $721-54.4% | $5,381-93.9% | $348-5.4% |