Filed April 13, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $168,124 |
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166 | Consulting Fees | $164,452 |
KPMG LLP1+ years Filed as: KPMG Service code 10 · EIN 13-5565207 | Accounting | $53,327 |
BAKER DONELSON1+ years Service code 50 · EIN 62-1047356 | Direct Payment | $41,939 |
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 | $32,371 | $46,516-30.4% | $147,618-78.1% | $69,651-53.5% |
| Participation rate | 57.4% | 65.8%-8.4pp | 84.6%-27.2pp | 66.6%-9.2pp |
| Annual return | 8.71% | 9.48%-0.8pp | 61.98%-53.3pp | 53.77%-45.1pp |
| Employer contribution / active EE | $559 | $1,393-59.9% | $5,564-89.9% | $2,241-75.0% |
| Participant deferral / active EE | $1,991 | $2,719-26.8% | $4,895-59.3% | $3,635-45.2% |
| Admin fee / account holder | $33 | $45-26.1% | $11,612-99.7% | $63-47.6% |