Filed October 25, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ FINANCIAL SOLUTIONS Service code 16 · EIN 52-1396995 | Consulting | $24,000 |
Service code 37 · EIN 04-2647786 | Loan Processing | $6,885 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,734 | $80,177-55.4% | $123,894-71.2% | $57,658-38.0% |
| Participation rate | 89.3% | 74.4%+14.9pp | 81.4%+7.9pp | 70.2%+19.1pp |
| Annual return | 6.21% | 17.90%-11.7pp | 47.52%-41.3pp | 5.13%+1.1pp |
| Employer contribution / active EE | $326 | $2,913-88.8% | $4,617-92.9% | $1,974-83.5% |
| Participant deferral / active EE | $4,595 | $5,130-10.4% | $5,984-23.2% | $3,061+50.1% |
| Admin fee / account holder | $100 | $106-6.3% | $8,357-98.8% | $95+5.3% |