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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $59,022 |
Service code 37 · EIN 04-2647786 | Loan Processing | $58,104 |
FORVIS, LLP1 year Filed as: FORVIS Service code 10 · EIN 44-0160260 | Accounting | $27,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $86,873 | $136,853-36.5% | $130,298-33.3% | $80,187+8.3% |
| Participation rate | 69.8% | 81.6%-11.9pp | 76.3%-6.5pp | 72.9%-3.2pp |
| Annual return | 18.85% | 22.66%-3.8pp | 38.90%-20.0pp | 40.40%-21.5pp |
| Employer contribution / active EE | $2,875 | $3,395-15.3% | $4,128-30.3% | $2,980-3.5% |
| Participant deferral / active EE | $5,628 | $5,856-3.9% | $6,790-17.1% | $5,016+12.2% |
| Admin fee / account holder | $48 | $184-74.1% | $6,025-99.2% | $145-67.2% |