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| Provider | Service type | Compensation |
|---|---|---|
SAGEPOINT FINANCIAL INC1 year Filed as: SAGEPOINT FINANCIAL Service code 26 90 SEVENTH ST · MINNEAPOLIS, MN 55402 | Advisory (Participants) | $8,726 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $38,626 | $42,396-8.9% | $67,313-42.6% | $56,289-31.4% |
| Participation rate | 19.2% | 61.0%-41.8pp | 69.1%-49.9pp | 69.9%-50.7pp |
| Annual return | 7.57% | -36.63%+44.2pp | -4.08%+11.7pp | -9.96%+17.5pp |
| Employer contribution / active EE | $0 | $1,414-100.0% | $2,566-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $950 | $2,360-59.7% | $3,568-73.4% | $3,350-71.6% |
| Admin fee / account holder | $201 | $510-60.6% | $4,507-95.5% | $521-61.5% |