Filed September 25, 2019 (most recent of 3 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
BMO HARRIS BANK NA1 year Filed as: BMO HARRIS BANK, NA Service code 19 · EIN 36-2085229 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $21,219 | $37,213-43.0% | $156,551-86.4% | $63,975-66.8% |
| Participation rate | 69.8% | 65.0%+4.8pp | 84.0%-14.2pp | 71.1%-1.3pp |
| Annual return | 6.68% | 47.89%-41.2pp | 32.23%-25.5pp | 48.65%-42.0pp |
| Employer contribution / active EE | $2,319 | $1,357+70.9% | $5,501-57.9% | $2,182+6.3% |
| Participant deferral / active EE | $0 | $2,070-100.0% | $4,871-100.0% | $3,356-100.0% |
| Admin fee / account holder | $0 | $56-100.0% | $13,028-100.0% | $70-100.0% |