Filed January 27, 2016 (most recent of 3 filings on file)
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
POLARIS GREYSTONE FINANCIAL GROUP,4+ years Service code 28 · EIN 38-3268411 | Investment Management | $350,123 |
Service code 13 · EIN 23-3038464 | Contract Administrator | $54,382 |
ADVISORTRUST2 years Service code 19 212 SOUTH MAIN AVENUE · SIOUX FALLS, SD 57104 | Securities Custodian | $15,322 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $176,762 | $88,122+100.6% | $141,162+25.2% | $67,579+161.6% |
| Participation rate | 97.2% | 76.5%+20.7pp | 82.5%+14.7pp | 71.3%+25.9pp |
| Annual return | 2.29% | 75.40%-73.1pp | 71.39%-69.1pp | 378.56%-376.3pp |
| Employer contribution / active EE | $6,592 | $3,224+104.4% | $4,735+39.2% | $2,148+206.9% |
| Participant deferral / active EE | $8,834 | $5,958+48.3% | $6,709+31.7% | $3,539+149.6% |
| Admin fee / account holder | $1,292 | $131+886.9% | $10,261-87.4% | $142+807.9% |