Filed November 2, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $51,224 |
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH INC. Service code 49 | Other Services | $10,675 |
OSAIC WEALTH INC1 year Service code 49 · EIN 93-0987232 | Other Services | $0 |
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.)
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 | $44,556 | $138,386-67.8% | $184,260-75.8% | $80,935-44.9% |
| Participation rate | 97.8% | 83.9%+14.0pp | 86.8%+11.0pp | 67.7%+30.2pp |
| Annual return | 13.44% | 20.02%-6.6pp | 28.84%-15.4pp | 35.66%-22.2pp |
| Employer contribution / active EE | $1,266 | $4,851-73.9% | $6,427-80.3% | $2,757-54.1% |
| Participant deferral / active EE | $12,743 | $7,076+80.1% | $9,133+39.5% | $4,299+196.4% |
| Admin fee / account holder | $356 | $10,489-96.6% | $13,898-97.4% | $6,924-94.9% |