Filed September 8, 2021 (most recent of 2 filings on file)
Total covered: 2 employees
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $1,217,795 |
Service code 37 · EIN 04-2647786 | Loan Processing | $285,958 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $192,437 | $73,367+162.3% | $90,782+112.0% | $73,367+162.3% |
| Participation rate | 96.4% | 69.5%+26.9pp | 82.7%+13.7pp | 69.5%+26.9pp |
| Annual return | -1.50% | 173.45%-174.9pp | -3.42%+1.9pp | 173.45%-174.9pp |
| Employer contribution / active EE | $3,189 | $2,499+27.6% | $4,105-22.3% | $2,499+27.6% |
| Participant deferral / active EE | $9,567 | $4,033+137.2% | $5,366+78.3% | $4,033+137.2% |
| Admin fee / account holder | $314 | $68+359.4% | $5,908-94.7% | $68+359.4% |