Filed June 12, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $85,943 |
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 | $24,695 | $62,267-60.3% | $110,238-77.6% | $55,725-55.7% |
| Participation rate | 96.4% | 78.1%+18.3pp | 79.8%+16.6pp | 70.9%+25.6pp |
| Annual return | -2.66% | -1.07%-1.6pp | 314.74%-317.4pp | 244.93%-247.6pp |
| Employer contribution / active EE | $0 | $1,941-100.0% | $3,826-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $2,933 | $3,516-16.6% | $4,672-37.2% | $3,356-12.6% |
| Admin fee / account holder | $111 | $121-8.3% | $8,547-98.7% | $115-3.7% |