Filed January 4, 2019 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MESIROW FINANCIAL INVESTMENT Service code 16 · EIN 36-3429599 | Consulting | $48,212 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $41,972 |
Service code 12 · EIN 13-3689044 | Account maintenance fees; Recordkeepi... | $37,426 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,983 | $56,540-11.6% | $185,851-73.1% | $86,821-42.4% |
| Participation rate | 38.0% | 65.5%-27.6pp | 81.7%-43.8pp | 72.3%-34.3pp |
| Annual return | 8.89% | 118.20%-109.3pp | 122.11%-113.2pp | 97.94%-89.0pp |
| Employer contribution / active EE | $536 | $1,844-70.9% | $5,168-89.6% | $2,406-77.7% |
| Participant deferral / active EE | $2,291 | $2,555-10.3% | $5,569-58.9% | $4,132-44.6% |
| Admin fee / account holder | $272 | $150+81.8% | $16,245-98.3% | $170+60.4% |