Filed December 7, 2021 (most recent of 2 filings on file)
Total covered: 317 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $100,705 |
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $25,913 |
MERCER1 year Service code 16 · EIN 36-2668272 | Consulting | $25,000 |
Service code 14 · EIN 34-1903270 | Plan Administrator | $22,075 |
PLANTE & MORAN, PLLC4 years Service code 10 · EIN 33-1498605 | Accounting | $15,200 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $97,663 | $53,204+83.6% | $155,556-37.2% | $200,096-51.2% |
| Participation rate | 43.4% | 64.1%-20.7pp | 78.2%-34.8pp | 72.0%-28.6pp |
| Annual return | 13.02% | 41.02%-28.0pp | 64.84%-51.8pp | 34.26%-21.2pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $4,675-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $2,988 | $3,163-5.6% | $5,631-46.9% | $5,090-41.3% |
| Admin fee / account holder | $93 | $186-50.1% | $15,885-99.4% | $269-65.6% |