Filed November 21, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $39,129 |
Filed as: MORGAN STANLEY GLOBAL BA Service code 27 · EIN 20-8764829 | Advisory (Plan) | $9,469 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,132 | $46,292+19.1% | $143,757-61.6% | $64,808-14.9% |
| Participation rate | 31.5% | 64.2%-32.8pp | 80.3%-48.8pp | 71.5%-40.0pp |
| Annual return | -17.42% | -10.05%-7.4pp | -0.04%-17.4pp | 32.82%-50.2pp |
| Employer contribution / active EE | $766 | $1,910-59.9% | $4,951-84.5% | $2,506-69.4% |
| Participant deferral / active EE | $2,312 | $2,646-12.6% | $5,637-59.0% | $4,310-46.4% |
| Admin fee / account holder | $159 | $154+3.3% | $14,673-98.9% | $188-15.4% |