Filed April 4, 2017
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| Provider | Service type | Compensation |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC8 years Service code 49 · EIN 23-0731260 | Other Services | $66,799 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $16,264 |
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.
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 | $34,650 | $83,884-58.7% | $64,101-45.9% | $74,460-53.5% |
| Participation rate | 29.6% | 76.6%-47.0pp | 72.3%-42.7pp | 70.7%-41.1pp |
| Annual return | 17.91% | 16.57%+1.3pp | 33.72%-15.8pp | 34.38%-16.5pp |
| Employer contribution / active EE | $802 | $3,084-74.0% | $2,749-70.8% | $2,638-69.6% |
| Participant deferral / active EE | $2,213 | $3,692-40.1% | $3,881-43.0% | $4,530-51.1% |
| Admin fee / account holder | $39 | $196-80.2% | $3,070-98.7% | $348-88.8% |