Filed November 30, 2023
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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 15 · EIN 26-4310632 | Recordkeeping | $28,449 |
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $3,225 |
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $39,850 | $70,002-43.1% | $115,038-65.4% | $52,331-23.8% |
| Participation rate | 68.0% | 72.1%-4.1pp | 81.4%-13.4pp | 68.1%-0.1pp |
| Annual return | 1.91% | 4.04%-2.1pp | 26.14%-24.2pp | 4.54%-2.6pp |
| Employer contribution / active EE | $738 | $2,715-72.8% | $4,608-84.0% | $1,882-60.8% |
| Participant deferral / active EE | $4,823 | $4,920-2.0% | $6,026-20.0% | $3,022+59.6% |
| Admin fee / account holder | $108 | $566-80.8% | $8,175-98.7% | $592-81.7% |