Filed January 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $46,904 |
Filed as: CBIZ INVESTMENT ADVISORY SERVICES, Service code 27 · EIN 81-3968784 | Advisory (Plan) | $12,208 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $19,718 | $38,165-48.3% | $189,758-89.6% | $69,255-71.5% |
| Participation rate | 52.1% | 66.7%-14.6pp | 79.8%-27.7pp | 69.0%-16.9pp |
| Annual return | 76.83% | 14.65%+62.2pp | 52.62%+24.2pp | 26.73%+50.1pp |
| Employer contribution / active EE | $376 | $1,589-76.4% | $4,767-92.1% | $2,645-85.8% |
| Participant deferral / active EE | $1,229 | $2,073-40.7% | $5,856-79.0% | $2,890-57.5% |
| Admin fee / account holder | $149 | $714-79.1% | $20,388-99.3% | $733-79.6% |