Filed April 13, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $446,741 |
UBS FINANCIAL SERVICES INC7+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166 | Consulting Fees | $157,571 |
KPMG LLP7+ years Filed as: KPMG Service code 10 · EIN 13-5565207 | Accounting | $35,000 |
BAKER DONELSON7+ years Service code 50 · EIN 62-1047356 | Direct Payment | $10,330 |
LEXIS NEXIS3 years Filed as: LEXISNEXIS RISK DATA MANAGEMENT INC Service code 50 · EIN 65-0852445 | Direct Payment | $8,556 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $47,381 | $68,062-30.4% | $185,854-74.5% | $106,520-55.5% |
| Participation rate | 73.8% | 75.2%-1.4pp | 81.7%-7.9pp | 71.3%+2.5pp |
| Annual return | -13.57% | 18.20%-31.8pp | 122.12%-135.7pp | 19.28%-32.9pp |
| Employer contribution / active EE | $924 | $1,997-53.8% | $5,169-82.1% | $2,840-67.5% |
| Participant deferral / active EE | $2,966 | $3,990-25.7% | $5,569-46.7% | $4,948-40.1% |
| Admin fee / account holder | $59 | $53+12.1% | $16,246-99.6% | $75-20.7% |