Filed January 3, 2025
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| Provider | Service type | Compensation |
|---|---|---|
VALMARK ADVISERS INC3 years Filed as: VALMARK ADVISERS, INC. Service code 26 · EIN 31-1509466 | Advisory (Participants) | $15,956 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $1,840 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $46,210 | $62,132-25.6% | $185,827-75.1% | $73,493-37.1% |
| Participation rate | 67.9% | 67.8%0pp | 78.0%-10.2pp | 70.7%-2.8pp |
| Annual return | 14.65% | 20.44%-5.8pp | 35.96%-21.3pp | 28.51%-13.9pp |
| Employer contribution / active EE | $1,068 | $1,681-36.5% | $4,087-73.9% | $2,270-53.0% |
| Participant deferral / active EE | $3,229 | $3,711-13.0% | $5,633-42.7% | $3,740-13.7% |
| Admin fee / account holder | $263 | $419-37.2% | $9,502-97.2% | $513-48.7% |