Filed October 9, 2016
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC1 year Service code 16 · EIN 33-0905143 | Consulting | $40,000 |
WITHUMSMITH+BROWN, PC2+ years Filed as: DERMODY, BURKE & BROWN, CPAS, LLC Service code 10 · EIN 01-0723685 | Accounting | $10,800 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$7,281 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $62,761 | $74,024-15.2% | $78,002-19.5% | $57,658+8.9% |
| Participation rate | 100.0% | 79.7%+20.3pp | 75.5%+24.5pp | 70.2%+29.8pp |
| Annual return | 10.51% | 12.14%-1.6pp | 425.99%-415.5pp | 5.13%+5.4pp |
| Employer contribution / active EE | $3,188 | $2,365+34.8% | $2,470+29.0% | $1,974+61.5% |
| Participant deferral / active EE | $7,166 | $3,533+102.8% | $3,497+104.9% | $3,061+134.2% |
| Admin fee / account holder | $84 | $93-10.3% | $5,481-98.5% | $95-11.6% |