Filed April 26, 2023
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| Provider | Service type | Compensation |
|---|---|---|
SFW PARTNERS, LLC1+ years Service code 10 1610 DES PERES ROAD SUITE 300 · ST. LOUIS, MO 63131 | Accounting | $6,000 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $2,675 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $86,244 | $57,108+51.0% | $94,229-8.5% | $52,331+64.8% |
| Participation rate | 61.7% | 72.9%-11.2pp | 78.8%-17.0pp | 68.1%-6.4pp |
| Annual return | 2.00% | 1.47%+0.5pp | 10.68%-8.7pp | 4.54%-2.5pp |
| Employer contribution / active EE | $1,995 | $1,735+15.0% | $3,587-44.4% | $1,882+6.0% |
| Participant deferral / active EE | $2,610 | $3,040-14.2% | $4,320-39.6% | $3,022-13.7% |
| Admin fee / account holder | $73 | $546-86.7% | $6,269-98.8% | $592-87.7% |