Filed April 13, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: UBS FINANCIALSERVICES, INC Service code 70 · EIN 13-2638166 | Consulting Fees | $148,997 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $141,232 |
KPMG LLP3+ years Filed as: KPMG Service code 10 · EIN 13-5565207 | Accounting | $30,400 |
BAKER DONELSON3+ years Service code 50 · EIN 62-1047356 | Direct Payment | $23,779 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,194 | $53,684-17.7% | $170,435-74.1% | $80,976-45.4% |
| Participation rate | 41.2% | 69.2%-28.0pp | 83.6%-42.4pp | 68.3%-27.1pp |
| Annual return | 18.06% | 25.97%-7.9pp | 205.94%-187.9pp | 22.91%-4.8pp |
| Employer contribution / active EE | $473 | $1,642-71.2% | $5,432-91.3% | $2,402-80.3% |
| Participant deferral / active EE | $1,632 | $3,017-45.9% | $4,939-67.0% | $3,848-57.6% |
| Admin fee / account holder | $29 | $46-37.7% | $13,881-99.8% | $67-57.2% |