Filed August 22, 2016 (most recent of 9 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
EPLAN ADVISORS, LLC3 years Service code 17 · EIN 36-1543746 | Pension Consulting | $20,481 |
DAVID ROMANO3 years Filed as: DAVID S COHEN Service code 61 3424 PEACHTREE RD NE · ATLANTA, GA 30326 | Finders' fees / placement fees | $19,287 |
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).
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 | $45,078 | $86,341-47.8% | $125,195-64.0% | $65,188-30.8% |
| Participation rate | 59.1% | 75.3%-16.2pp | 79.8%-20.6pp | 70.2%-11.1pp |
| Annual return | 19.19% | 27.44%-8.2pp | 43.79%-24.6pp | 29.38%-10.2pp |
| Employer contribution / active EE | $1,143 | $2,040-44.0% | $3,866-70.4% | $2,177-47.5% |
| Participant deferral / active EE | $1,776 | $3,538-49.8% | $4,937-64.0% | $3,514-49.5% |
| Admin fee / account holder | $172 | $609-71.9% | $9,704-98.2% | $847-79.8% |