Filed October 23, 2020 (most recent of 12 filings on file)
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $265,172 |
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $173,200 |
PLANTE & MORAN, PLLC6 years Service code 10 · EIN 38-1357951 | Accounting | $66,800 |
MERCER6 years Filed as: MERCER INVESTMENT CONSULTING LLC Service code 16 · EIN 61-0736136 | Consulting | $65,946 |
Service code 16 · EIN 46-5438594 | Consulting | $12,575 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $142,617 | $104,631+36.3% | $98,439+44.9% | $80,160+77.9% |
| Participation rate | 94.8% | 87.5%+7.3pp | 75.2%+19.7pp | 72.9%+21.9pp |
| Annual return | 19.22% | 34.72%-15.5pp | 21.16%-1.9pp | 40.38%-21.2pp |
| Employer contribution / active EE | $3,838 | $4,517-15.0% | $3,048+25.9% | $2,978+28.9% |
| Participant deferral / active EE | $7,934 | $6,545+21.2% | $4,738+67.5% | $5,017+58.1% |
| Admin fee / account holder | $133 | $105+27.1% | $8,948-98.5% | $145-8.1% |