Filed April 3, 2019
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| Provider | Service type | Compensation |
|---|---|---|
QUALIFIED PLANS, LLC6 years Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 15 · EIN 20-0223513 4949 WESTOWN PKWY · WEST DES MOINES, IA 50266 | Recordkeeping | $11,873 |
Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 64 | Recordkeeping Fees | $575 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $0 |
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 | $25,834 | $45,022-42.6% | $85,240-69.7% | $200,096-87.1% |
| Participation rate | 30.4% | 45.8%-15.4pp | 67.5%-37.1pp | 72.0%-41.6pp |
| Annual return | 14.09% | 21.00%-6.9pp | 66.75%-52.7pp | 34.26%-20.2pp |
| Employer contribution / active EE | $328 | $1,374-76.1% | $2,735-88.0% | $3,038-89.2% |
| Participant deferral / active EE | $1,168 | $2,682-56.5% | $4,527-74.2% | $5,090-77.1% |
| Admin fee / account holder | $209 | $585-64.3% | $6,165-96.6% | $269-22.4% |