Filed April 4, 2017
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| Provider | Service type | Compensation |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC2 years Service code 49 · EIN 23-0731260 | Other Services | $16,366 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $2,024 |
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.
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 | $20,576 | $74,552-72.4% | $63,018-67.3% | $69,631-70.4% |
| Participation rate | 35.5% | 78.3%-42.8pp | 74.8%-39.3pp | 70.7%-35.2pp |
| Annual return | 24.24% | 15.77%+8.5pp | 87.62%-63.4pp | 27571.02%-27546.8pp |
| Employer contribution / active EE | $580 | $2,929-80.2% | $2,761-79.0% | $2,032-71.5% |
| Participant deferral / active EE | $1,455 | $2,974-51.1% | $3,330-56.3% | $3,224-54.9% |
| Admin fee / account holder | $9 | $59-85.3% | $3,601-99.8% | $110-92.1% |