Filed May 26, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SHEPHERD FINANCIAL INV Service code 26 · EIN 82-0759826 | Advisory (Participants) | $17,723 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $14,189 |
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 | $32,001 | $56,152-43.0% | $185,827-82.8% | $73,412-56.4% |
| Participation rate | 40.0% | 67.6%-27.5pp | 78.0%-38.0pp | 72.2%-32.1pp |
| Annual return | 18.94% | 17.59%+1.4pp | 35.96%-17.0pp | 59.30%-40.4pp |
| Employer contribution / active EE | $584 | $1,532-61.8% | $4,087-85.7% | $2,234-73.8% |
| Participant deferral / active EE | $1,394 | $3,659-61.9% | $5,633-75.3% | $3,806-63.4% |
| Admin fee / account holder | $74 | $132-43.8% | $9,502-99.2% | $158-53.0% |