Filed August 22, 2016 (most recent of 9 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
EPLAN ADVISORS, LLC2 years Service code 17 · EIN 36-1543746 | Pension Consulting | $18,962 |
DAVID ROMANO2 years Filed as: DAVID S COHEN Service code 61 3424 PEACHTREE RD NE · ATLANTA, GA 30326 | Finders' fees / placement fees | $18,160 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,248 | $66,302-40.8% | $110,243-64.4% | $56,289-30.3% |
| Participation rate | 53.8% | 74.9%-21.1pp | 79.8%-26.0pp | 69.9%-16.0pp |
| Annual return | -6.27% | -1.18%-5.1pp | 314.76%-321.0pp | -9.96%+3.7pp |
| Employer contribution / active EE | $946 | $2,047-53.8% | $3,827-75.3% | $2,111-55.2% |
| Participant deferral / active EE | $1,544 | $3,381-54.4% | $4,672-67.0% | $3,350-53.9% |
| Admin fee / account holder | $193 | $698-72.4% | $8,548-97.7% | $521-63.0% |