Filed September 12, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $251,881 |
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $128,758 | $114,195+12.8% | $106,554+20.8% | $93,010+38.4% |
| Participation rate | 92.0% | 86.4%+5.6pp | 76.1%+15.8pp | 73.9%+18.1pp |
| Annual return | 17.27% | 22.18%-4.9pp | 26.80%-9.5pp | 158.70%-141.4pp |
| Employer contribution / active EE | $3,186 | $4,009-20.5% | $2,819+13.0% | $2,705+17.8% |
| Participant deferral / active EE | $7,089 | $5,908+20.0% | $4,398+61.2% | $4,561+55.4% |
| Admin fee / account holder | $57 | $105-45.4% | $7,408-99.2% | $152-62.3% |