Filed February 11, 2020
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL6 years Service code 27 75 STATE STREET · BOSTON, MA 02109 | Advisory (Plan) | $21,871 |
THE VANGUARD GROUP, INC.8+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $20,752 |
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 | $21,115 | $46,292-54.4% | $143,757-85.3% | $64,808-67.4% |
| Participation rate | 26.8% | 64.2%-37.4pp | 80.3%-53.5pp | 71.5%-44.6pp |
| Annual return | -14.92% | -10.05%-4.9pp | -0.04%-14.9pp | 32.82%-47.7pp |
| Employer contribution / active EE | $183 | $1,910-90.4% | $4,951-96.3% | $2,506-92.7% |
| Participant deferral / active EE | $1,460 | $2,646-44.8% | $5,637-74.1% | $4,310-66.1% |
| Admin fee / account holder | $235 | $154+53.1% | $14,673-98.4% | $188+25.4% |