Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $711,486 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 | $61,458 | $57,150+7.5% | $93,681-34.4% | $106,408-42.2% |
| Participation rate | 64.4% | 49.1%+15.3pp | 68.7%-4.3pp | 69.9%-5.5pp |
| Annual return | 26.80% | 15.81%+11.0pp | 133.47%-106.7pp | 17.37%+9.4pp |
| Employer contribution / active EE | $1,228 | $1,015+20.9% | $2,422-49.3% | $3,361-63.5% |
| Participant deferral / active EE | $2,651 | $1,853+43.1% | $4,415-40.0% | $5,567-52.4% |
| Admin fee / account holder | $53 | $64-18.1% | $8,290-99.4% | $79-33.4% |