Filed April 13, 2022
| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $1,060,791 |
UBS FINANCIAL SERVICES INC10+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166 | Consulting Fees | $172,182 |
LBMC, PC2 years Service code 10 · EIN 62-1199757 | Accounting | $32,750 |
BAKER DONELSON10+ years Service code 50 · EIN 62-1047356 | Direct Payment | $6,092 |
LEXIS NEXIS6 years Filed as: LEXISNEXIS RISK DATA MANAGEMENT INC Service code 50 · EIN 65-0852445 | Direct Payment | $5,888 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,161 | $73,283-39.7% | $155,556-71.6% | $106,553-58.6% |
| Participation rate | 86.4% | 73.3%+13.1pp | 78.2%+8.1pp | 69.8%+16.5pp |
| Annual return | 10.79% | 15.76%-5.0pp | 64.84%-54.0pp | 17.37%-6.6pp |
| Employer contribution / active EE | $1,463 | $2,241-34.7% | $4,675-68.7% | $3,359-56.4% |
| Participant deferral / active EE | $4,027 | $4,567-11.8% | $5,631-28.5% | $5,562-27.6% |
| Admin fee / account holder | $59 | $56+5.7% | $15,885-99.6% | $80-25.8% |