Filed December 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | -$3,216 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,986 | $129,227-14.1% | $184,260-39.8% | $77,736+42.8% |
| Participation rate | 89.5% | 87.4%+2.1pp | 86.8%+2.6pp | 70.6%+18.9pp |
| Annual return | 19.80% | 33.24%-13.4pp | 28.84%-9.0pp | 31.26%-11.5pp |
| Employer contribution / active EE | $6,299 | $4,412+42.8% | $6,427-2.0% | $2,728+130.9% |
| Participant deferral / active EE | $22,708 | $7,307+210.8% | $9,133+148.6% | $4,651+388.3% |
| Admin fee / account holder | -$9 | $256-103.7% | $13,898-100.1% | $433-102.2% |