Filed February 14, 2014
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
ALLIANCE BENEFIT GROUP1 year Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 | Recordkeeping | $17,240 |
Service code 16 · EIN 38-3462761 | Consulting | $3,875 |
Filed as: CHARLES SCHWAB BANK Service code 15 · EIN 42-1558009 | Recordkeeping | $629 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $5,957 | $43,423-86.3% | $78,676-92.4% | $55,167-89.2% |
| Participation rate | 80.7% | 68.0%+12.7pp | 73.6%+7.1pp | 69.0%+11.7pp |
| Annual return | 8.93% | 11.53%-2.6pp | 62.19%-53.3pp | 169.23%-160.3pp |
| Employer contribution / active EE | $281 | $1,997-85.9% | $2,850-90.1% | $1,963-85.7% |
| Participant deferral / active EE | $2,269 | $2,509-9.6% | $3,517-35.5% | $3,054-25.7% |
| Admin fee / account holder | $139 | $416-66.5% | $4,510-96.9% | $504-72.3% |