Filed April 4, 2017
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| Provider | Service type | Compensation |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC6 years Service code 49 · EIN 23-0731260 | Other Services | $64,267 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $10,581 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,509 | $94,833-65.7% | $75,714-57.1% | $86,821-62.6% |
| Participation rate | 48.0% | 79.1%-31.1pp | 74.8%-26.8pp | 72.3%-24.3pp |
| Annual return | 17.88% | 16.91%+1.0pp | 104.62%-86.7pp | 97.94%-80.1pp |
| Employer contribution / active EE | $1,105 | $2,904-61.9% | $2,744-59.7% | $2,406-54.1% |
| Participant deferral / active EE | $2,653 | $3,632-27.0% | $3,820-30.6% | $4,132-35.8% |
| Admin fee / account holder | $21 | $109-80.3% | $3,619-99.4% | $170-87.4% |