Filed June 12, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $73,910 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $29,948 | $71,666-58.2% | $117,854-74.6% | $69,631-57.0% |
| Participation rate | 89.7% | 77.5%+12.2pp | 79.7%+10.1pp | 70.7%+19.1pp |
| Annual return | 21.67% | 18.86%+2.8pp | 335.08%-313.4pp | 27571.02%-27549.4pp |
| Employer contribution / active EE | $0 | $1,889-100.0% | $3,786-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $2,701 | $3,340-19.1% | $4,482-39.7% | $3,224-16.2% |
| Admin fee / account holder | $112 | $120-6.9% | $8,020-98.6% | $110+1.4% |