Filed March 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MANER COSTERISAN1+ years Filed as: MANER COSTERISAN & ELLIS PC Service code 10 2425 E. GRAND RIVER SUITE 1 · LANSING, MI 48912 | Accounting | $6,400 |
Service code 64 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263 | Recordkeeping Fees | $375 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,497 | $50,464+39.7% | $75,784-7.0% | $52,331+34.7% |
| Participation rate | 50.2% | 66.8%-16.5pp | 75.8%-25.6pp | 68.1%-17.9pp |
| Annual return | -0.89% | 1.03%-1.9pp | 9.68%-10.6pp | 4.54%-5.4pp |
| Employer contribution / active EE | $316 | $1,988-84.1% | $3,323-90.5% | $1,882-83.2% |
| Participant deferral / active EE | $2,094 | $2,570-18.5% | $3,652-42.7% | $3,022-30.7% |
| Admin fee / account holder | $55 | $1,103-95.0% | $5,300-99.0% | $592-90.8% |