Filed January 21, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $82,015 |
Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282 | Advisory (Plan) | $28,413 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $65,957 | $81,537-19.1% | $149,721-55.9% | $69,631-5.3% |
| Participation rate | 74.9% | 86.1%-11.3pp | 87.1%-12.2pp | 70.7%+4.2pp |
| Annual return | 36.44% | 22.79%+13.7pp | 1501.67%-1465.2pp | 27571.02%-27534.6pp |
| Employer contribution / active EE | $1,056 | $3,239-67.4% | $5,444-80.6% | $2,032-48.1% |
| Participant deferral / active EE | $7,703 | $4,994+54.2% | $6,568+17.3% | $3,224+138.9% |
| Admin fee / account holder | $369 | $107+245.7% | $11,282-96.7% | $110+234.5% |