Filed February 11, 2020
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| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.6+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $23,694 |
LPL FINANCIAL4 years Service code 27 75 STATE STREET · BOSTON, MA 02109 | Advisory (Plan) | $16,748 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,397 | $52,293-59.1% | $178,490-88.0% | $73,409-70.9% |
| Participation rate | 24.7% | 65.3%-40.6pp | 81.9%-57.2pp | 72.2%-47.5pp |
| Annual return | 17.15% | 34.75%-17.6pp | 151.07%-133.9pp | 59.29%-42.1pp |
| Employer contribution / active EE | $139 | $1,735-92.0% | $5,011-97.2% | $2,234-93.8% |
| Participant deferral / active EE | $1,121 | $2,332-51.9% | $5,202-78.4% | $3,805-70.5% |
| Admin fee / account holder | $239 | $127+87.9% | $13,984-98.3% | $158+51.6% |