Filed April 13, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $132,550 |
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166 | Consulting Fees | $123,937 |
KPMG LLP2+ years Filed as: KPMG Service code 10 · EIN 13-5565207 | Accounting | $31,434 |
BAKER DONELSON2+ years Service code 50 · EIN 62-1047356 | Direct Payment | $15,150 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,989 | $49,270-29.0% | $156,551-77.7% | $329,111-89.4% |
| Participation rate | 52.6% | 68.1%-15.5pp | 84.0%-31.4pp | 67.9%-15.3pp |
| Annual return | 7.13% | 23.25%-16.1pp | 32.23%-25.1pp | 16.35%-9.2pp |
| Employer contribution / active EE | $447 | $1,534-70.9% | $5,501-91.9% | $2,303-80.6% |
| Participant deferral / active EE | $2,067 | $2,920-29.2% | $4,871-57.6% | $3,682-43.9% |
| Admin fee / account holder | $23 | $51-53.8% | $13,028-99.8% | $754-96.9% |