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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829 | Advisory (Participants) | $73,072 |
Service code 37 · EIN 04-2647786 | Loan Processing | $56,589 |
APRIO LLP2 years Service code 10 · EIN 57-1157523 | Accounting | $12,770 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $130,167 | $106,230+22.5% | $147,080-11.5% | $77,736+67.4% |
| Participation rate | 97.6% | 78.4%+19.2pp | 82.2%+15.4pp | 70.6%+27.0pp |
| Annual return | 21.24% | 56.91%-35.7pp | 420.17%-398.9pp | 31.26%-10.0pp |
| Employer contribution / active EE | $11,717 | $4,072+187.7% | $4,933+137.5% | $2,728+329.5% |
| Participant deferral / active EE | $12,667 | $8,001+58.3% | $8,066+57.0% | $4,651+172.4% |
| Admin fee / account holder | $389 | $338+15.0% | $12,989-97.0% | $433-10.2% |