Filed December 20, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 20-1090152 | Advisory (Participants) | $17,026 |
Filed as: FIRST HEARTLAND CNSLTNTS Service code 16 · EIN 43-1635589 | Consulting | $16,144 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $4,087 |
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).
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 | $27,355 | $71,523-61.8% | $98,461-72.2% | $71,511-61.7% |
| Participation rate | 85.0% | 72.7%+12.3pp | 75.2%+9.8pp | 67.9%+17.1pp |
| Annual return | 16.53% | 32.43%-15.9pp | 21.17%-4.6pp | 28.86%-12.3pp |
| Employer contribution / active EE | $956 | $2,399-60.2% | $3,049-68.7% | $2,589-63.1% |
| Participant deferral / active EE | $3,082 | $4,109-25.0% | $4,738-34.9% | $4,291-28.2% |
| Admin fee / account holder | $79 | $1,676-95.3% | $8,961-99.1% | $1,588-95.0% |