Filed April 4, 2017
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| Provider | Service type | Compensation |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC5 years Service code 49 · EIN 23-0731260 | Other Services | $44,427 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $5,116 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $27,653 | $84,948-67.4% | $70,494-60.8% | $73,412-62.3% |
| Participation rate | 52.5% | 79.9%-27.4pp | 75.1%-22.5pp | 72.2%-19.6pp |
| Annual return | 18.85% | 13.39%+5.5pp | 109.16%-90.3pp | 59.30%-40.4pp |
| Employer contribution / active EE | $1,120 | $2,834-60.5% | $2,738-59.1% | $2,234-49.9% |
| Participant deferral / active EE | $2,606 | $3,387-23.1% | $3,711-29.8% | $3,806-31.5% |
| Admin fee / account holder | $11 | $98-88.4% | $3,848-99.7% | $158-92.8% |