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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION2+ years Service code 16 · EIN 04-3222046 | Consulting | $101,600 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $6,654 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$273,785 |
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 | $51,524 | $61,125-15.7% | $108,582-52.5% | $63,975-19.5% |
| Participation rate | 92.9% | 80.5%+12.4pp | 79.6%+13.3pp | 71.1%+21.8pp |
| Annual return | 7.77% | 14.06%-6.3pp | -51.70%+59.5pp | 48.65%-40.9pp |
| Employer contribution / active EE | $1,616 | $2,237-27.7% | $3,758-57.0% | $2,182-25.9% |
| Participant deferral / active EE | $4,506 | $3,574+26.1% | $4,311+4.5% | $3,356+34.2% |
| Admin fee / account holder | $3 | $72-95.4% | $7,645-100.0% | $70-95.3% |