Filed October 1, 2020 (most recent of 6 filings on file)
Total covered: 4,934 employees
| Provider | Service type | Compensation |
|---|---|---|
JPMORGAN INVEST HOLDINGS LLC4+ years Filed as: JPMORGAN CHASE BANK, N.A. Service code 18 · EIN 13-4994650 | Custodial (other than securities); Fl... | $71,846 |
THE VANGUARD GROUP, INC.4+ years Service code 28 · EIN 23-1945930 | Investment Management | $945 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | STATE FARM BANK | PARTY-IN-INTEREST BANK CHARGED FEES IN EXCESS OF WHAT IS PERMITTED UNDER PTCE 2004-16 ON DEFAULT ROLLOVER AMOUNTS INTO IRAS | — | — |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported the discovery of a loss from fraud or dishonesty.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $128,922 | $96,381+33.8% | $140,019-7.9% | $73,367+75.7% |
| Participation rate | 98.1% | 90.1%+8.0pp | 87.5%+10.6pp | 69.5%+28.6pp |
| Annual return | -4.44% | -4.30%-0.1pp | 651.19%-655.6pp | 173.45%-177.9pp |
| Employer contribution / active EE | $1,206 | $4,168-71.1% | $5,605-78.5% | $2,499-51.7% |
| Participant deferral / active EE | $6,262 | $6,186+1.2% | $6,927-9.6% | $4,033+55.3% |
| Admin fee / account holder | $0 | $100-100.0% | $10,705-100.0% | $68-100.0% |