Filed November 30, 2023
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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 15 · EIN 26-4310632 | Recordkeeping | $29,183 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $3,377 |
ADP BROKER-DEALER2+ 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 | $43,564 | $75,183-42.1% | $123,894-64.8% | $55,167-21.0% |
| Participation rate | 67.2% | 72.8%-5.7pp | 81.4%-14.3pp | 69.0%-1.8pp |
| Annual return | 7.02% | 19.01%-12.0pp | 47.52%-40.5pp | 169.23%-162.2pp |
| Employer contribution / active EE | $821 | $2,823-70.9% | $4,617-82.2% | $1,963-58.2% |
| Participant deferral / active EE | $5,552 | $5,084+9.2% | $5,984-7.2% | $3,054+81.8% |
| Admin fee / account holder | $116 | $663-82.5% | $8,357-98.6% | $504-77.0% |