Filed December 7, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL TELESIS1+ years Service code 55 | Other Commissions | $11,470 |
Service code 37 · EIN 04-2647786 | Loan Processing | $3,212 |
Filed as: FLEX PENSIONS OF CALIFORNIA, INC. Service code 16 · EIN 33-0762795 2808 E. KATELLA AVE., STE 204 · ORANGE, CA 92867 | Consulting | $2,950 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $59,633 | $37,134+60.6% | $100,671-40.8% | $52,331+14.0% |
| Participation rate | 53.7% | 57.7%-4.0pp | 70.7%-17.1pp | 68.1%-14.4pp |
| Annual return | -0.03% | 0.10%-0.1pp | 20.43%-20.5pp | 4.54%-4.6pp |
| Employer contribution / active EE | $1,331 | $1,187+12.1% | $4,012-66.8% | $1,882-29.3% |
| Participant deferral / active EE | $2,707 | $2,163+25.1% | $3,144-13.9% | $3,022-10.4% |
| Admin fee / account holder | $48 | $467-89.6% | $4,850-99.0% | $592-91.8% |