Filed December 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: WHEELER ASSOCIATES Service code 27 · EIN 93-2382566 | Advisory (Plan) | $12,916 |
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $10,699 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $7,282 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $81,448 | $48,698+67.3% | $93,606-13.0% | $199,593-59.2% |
| Participation rate | 23.5% | 63.5%-40.0pp | 68.7%-45.2pp | 72.0%-48.4pp |
| Annual return | 13.45% | 15.34%-1.9pp | 133.20%-119.7pp | 34.25%-20.8pp |
| Employer contribution / active EE | $164 | $1,135-85.5% | $2,420-93.2% | $3,034-94.6% |
| Participant deferral / active EE | $1,066 | $2,817-62.2% | $4,411-75.8% | $5,087-79.0% |
| Admin fee / account holder | $34 | $195-82.3% | $8,285-99.6% | $269-87.2% |