Filed April 9, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SAGEPOINT FINANCIAL INC1 year Filed as: RESOURCE INVESTMENT ADVISORS INC Service code 27 · EIN 43-1451524 | Advisory (Plan) | $16,586 |
Filed as: PICKETT,CHANEY,&MCMULLEN,LLP Service code 10 · EIN 41-0746749 | Accounting | $11,050 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $375 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $25,593 | $45,382-43.6% | $154,114-83.4% | $75,289-66.0% |
| Participation rate | 14.8% | 65.9%-51.1pp | 83.0%-68.3pp | 72.4%-57.7pp |
| Annual return | -5.36% | -0.47%-4.9pp | 735.16%-740.5pp | -0.04%-5.3pp |
| Employer contribution / active EE | $26 | $1,533-98.3% | $5,298-99.5% | $2,405-98.9% |
| Participant deferral / active EE | $697 | $2,384-70.8% | $5,081-86.3% | $3,739-81.4% |
| Admin fee / account holder | $118 | $89+32.3% | $13,411-99.1% | $102+15.5% |