Filed April 13, 2022
| Provider | Service type | Compensation |
|---|---|---|
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166 | Consulting Fees | $214,200 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $137,996 |
BAKER DONELSON4+ years Service code 50 · EIN 62-1047356 | Direct Payment | $25,621 |
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 | $53,550 | $46,969+14.0% | $154,110-65.3% | $73,367-27.0% |
| Participation rate | 45.2% | 72.4%-27.2pp | 83.0%-37.8pp | 69.5%-24.3pp |
| Annual return | 30.61% | 821.68%-791.1pp | 735.22%-704.6pp | 173.45%-142.8pp |
| Employer contribution / active EE | $491 | $1,723-71.5% | $5,298-90.7% | $2,499-80.4% |
| Participant deferral / active EE | $1,921 | $3,162-39.3% | $5,081-62.2% | $4,033-52.4% |
| Admin fee / account holder | $75 | $47+61.4% | $13,412-99.4% | $68+10.0% |