Filed November 30, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277 | Recordkeeping Fees | $40,283 |
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT INC DBA 401K ADVISOR Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689 | Advisory (Plan) | $20,130 |
MSI FINANCIAL SERVICES INC.2 years Service code 55 1295 STATE STREET · SPRINGFIELD, MA 01111 | Other Commissions | $225 |
Filed as: MML INVESTORS SERVICES Service code 55 1295 STATE STREET · SPRINGFIELD, MA 01111 | Other Commissions | $170 |
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.
Employer 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 | $21,778 | $46,173-52.8% | $170,435-87.2% | $69,631-68.7% |
| Participation rate | 19.9% | 63.9%-44.0pp | 83.6%-63.7pp | 70.7%-50.8pp |
| Annual return | 14.45% | 21.62%-7.2pp | 205.94%-191.5pp | 27571.02%-27556.6pp |
| Employer contribution / active EE | $110 | $1,610-93.2% | $5,432-98.0% | $2,032-94.6% |
| Participant deferral / active EE | $551 | $2,080-73.5% | $4,939-88.8% | $3,224-82.9% |
| Admin fee / account holder | $159 | $116+36.7% | $13,881-98.9% | $110+43.6% |