Filed November 21, 2023
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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL GROUP INC2 years Service code 27 200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 90245 | Advisory (Plan) | $37,148 |
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287 | Directed Trustee | $2,645 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,185 | $62,928+3.6% | $172,752-62.3% | $67,579-3.5% |
| Participation rate | 19.5% | 64.5%-45.0pp | 82.6%-63.2pp | 71.3%-51.8pp |
| Annual return | 21.23% | 30.36%-9.1pp | 802.97%-781.7pp | 378.56%-357.3pp |
| Employer contribution / active EE | $370 | $1,636-77.4% | $5,144-92.8% | $2,148-82.8% |
| Participant deferral / active EE | $928 | $2,145-56.7% | $5,198-82.1% | $3,539-73.8% |
| Admin fee / account holder | $201 | $167+20.6% | $13,955-98.6% | $142+41.3% |