Filed November 2, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $14,068 |
RAYMOND JAMES FINANCIAL SERVICES1+ years Service code 22 · EIN 59-1199408 | Insurance Broker | $9,595 |
HCS RETIREMENT SERVICES, LLC1+ years Service code 15 · EIN 20-1684241 | Recordkeeping | $1,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $8,517 | $32,913-74.1% | $80,004-89.4% | $59,188-85.6% |
| Participation rate | 26.6% | 56.9%-30.3pp | 73.0%-46.5pp | 69.4%-42.9pp |
| Annual return | 36.19% | 1.16%+35.0pp | 7.63%+28.6pp | 5.51%+30.7pp |
| Employer contribution / active EE | $461 | $789-41.6% | $2,473-81.4% | $2,098-78.0% |
| Participant deferral / active EE | $742 | $1,686-56.0% | $3,204-76.8% | $3,265-77.3% |
| Admin fee / account holder | $39 | $40-2.6% | $5,033-99.2% | $92-57.7% |