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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 15 · EIN 26-4310632 | Recordkeeping | $36,160 |
ADP BROKER-DEALER2 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $21,179 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $99,415 | $66,302+49.9% | $110,243-9.8% | $56,287+76.6% |
| Participation rate | 66.1% | 74.9%-8.8pp | 79.8%-13.7pp | 69.9%-3.7pp |
| Annual return | -3.64% | -1.18%-2.5pp | 314.76%-318.4pp | -9.96%+6.3pp |
| Employer contribution / active EE | $2,907 | $2,047+42.0% | $3,827-24.0% | $2,111+37.7% |
| Participant deferral / active EE | $5,195 | $3,381+53.6% | $4,672+11.2% | $3,350+55.1% |
| Admin fee / account holder | $428 | $698-38.7% | $8,548-95.0% | $521-17.9% |