Filed September 8, 2021 (most recent of 2 filings on file)
Total covered: 2 employees
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $899,870 |
Service code 37 · EIN 04-2647786 | Loan Processing | $267,618 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported that benefits due were not provided when due.
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 | $182,717 | $329,111-44.5% | $88,497+106.5% | $329,111-44.5% |
| Participation rate | 98.6% | 67.9%+30.7pp | 82.4%+16.2pp | 67.9%+30.7pp |
| Annual return | 6.73% | 16.35%-9.6pp | 7.63%-0.9pp | 16.35%-9.6pp |
| Employer contribution / active EE | $2,939 | $2,303+27.6% | $4,036-27.2% | $2,303+27.6% |
| Participant deferral / active EE | $8,640 | $3,682+134.7% | $4,899+76.3% | $3,682+134.7% |
| Admin fee / account holder | $290 | $754-61.5% | $6,220-95.3% | $754-61.5% |