Filed August 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $34,382 |
Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 99 HARBORSIDE FINANCIAL CTR · JERSEY CITY, NJ 07311 | Other Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $23,751 | $88,730-73.2% | $82,312-71.1% | $77,958-69.5% |
| Participation rate | 48.1% | 84.5%-36.4pp | 76.9%-28.8pp | 71.6%-23.5pp |
| Annual return | 26.02% | 20.88%+5.1pp | 25.88%+0.1pp | 20.87%+5.2pp |
| Employer contribution / active EE | $452 | $2,758-83.6% | $2,428-81.4% | $2,310-80.5% |
| Participant deferral / active EE | $2,421 | $4,634-47.8% | $3,706-34.7% | $3,537-31.5% |
| Admin fee / account holder | $20 | $74-73.4% | $5,608-99.6% | $97-79.8% |