Filed May 23, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $196,705 |
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $72,057 |
CROWE LLP3 years Service code 10 · EIN 35-0921680 | Accounting | $44,350 |
Filed as: MORGAN, LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050 | Legal | $14,827 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported that benefits due were not provided when due.
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 | $55,212 | $72,066-23.4% | $81,726-32.4% | $90,274-38.8% |
| Participation rate | 85.7% | 78.9%+6.8pp | 72.0%+13.7pp | 73.4%+12.4pp |
| Annual return | 10.74% | 15.92%-5.2pp | 29.49%-18.7pp | 53.97%-43.2pp |
| Employer contribution / active EE | $1,723 | $2,335-26.2% | $4,311-60.0% | $2,523-31.7% |
| Participant deferral / active EE | $3,156 | $3,557-11.3% | $7,108-55.6% | $4,231-25.4% |
| Admin fee / account holder | $55 | $92-40.2% | $5,160-98.9% | $114-51.5% |