Filed September 18, 2024
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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1 year Service code 27 · EIN 36-3297908 | Advisory (Plan) | $5,947 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $3,294 |
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 | $43,583 | $75,388-42.2% | $123,552-64.7% | $55,725-21.8% |
| Participation rate | 70.9% | 75.7%-4.8pp | 82.3%-11.4pp | 70.9%0pp |
| Annual return | -5.98% | 4.48%-10.5pp | 119.20%-125.2pp | 244.93%-250.9pp |
| Employer contribution / active EE | $2,606 | $3,063-14.9% | $4,628-43.7% | $2,078+25.4% |
| Participant deferral / active EE | $7,124 | $5,651+26.1% | $6,426+10.9% | $3,356+112.3% |
| Admin fee / account holder | $8 | $120-93.0% | $9,285-99.9% | $115-92.8% |