Filed February 25, 2016 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FULTON FINANCIAL ADVISORS3 years Filed as: FULTON BANK, N. A. Service code 15 · EIN 23-1928421 | Recordkeeping | $31,955 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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).
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 | $87,527 | $65,125+34.4% | $143,797-39.1% | $66,949+30.7% |
| Participation rate | 34.0% | 65.2%-31.3pp | 80.3%-46.4pp | 69.8%-35.9pp |
| Annual return | -21.51% | -11.13%-10.4pp | -0.04%-21.5pp | 1.57%-23.1pp |
| Employer contribution / active EE | $505 | $2,362-78.6% | $4,952-89.8% | $2,545-80.1% |
| Participant deferral / active EE | $1,392 | $2,920-52.3% | $5,638-75.3% | $4,239-67.2% |
| Admin fee / account holder | $380 | $503-24.3% | $14,679-97.4% | $594-35.9% |