Filed October 18, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $46,147 |
INDEPENDENT FINANCIAL PARTNERS2+ years Service code 27 · EIN 59-3331424 | Advisory (Plan) | $24,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $46,620 | $58,758-20.7% | $69,779-33.2% | $63,975-27.1% |
| Participation rate | 63.0% | 77.5%-14.4pp | 71.8%-8.8pp | 71.1%-8.1pp |
| Annual return | 7.97% | 18.05%-10.1pp | 12.99%-5.0pp | 48.65%-40.7pp |
| Employer contribution / active EE | $1,301 | $1,973-34.1% | $2,338-44.4% | $2,182-40.4% |
| Participant deferral / active EE | $2,627 | $2,912-9.8% | $2,931-10.4% | $3,356-21.7% |
| Admin fee / account holder | $46 | $71-34.7% | $4,381-98.9% | $70-34.1% |