Filed December 5, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $1,636,146 |
Filed as: DIMEO SCHNEIDER & ASSOC Service code 27 · EIN 36-4001764 | Advisory (Plan) | $62,500 |
MAGNIT LLC1 year Service code 49 · EIN 11-3119651 | Other Services | $47,708 |
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 | $11,928 | $35,293-66.2% | $77,113-84.5% | $89,433-86.7% |
| Participation rate | 73.1% | 31.3%+41.8pp | 67.9%+5.2pp | 71.3%+1.8pp |
| Annual return | -14.40% | -5.92%-8.5pp | 42.37%-56.8pp | -11.88%-2.5pp |
| Employer contribution / active EE | $87 | $695-87.5% | $2,815-96.9% | $3,021-97.1% |
| Participant deferral / active EE | $2,915 | $1,764+65.2% | $4,430-34.2% | $5,125-43.1% |
| Admin fee / account holder | $66 | $105-36.7% | $5,445-98.8% | $79-16.3% |