| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $783,898 |
Service code 37 · EIN 04-2647786 | Loan Processing | $680,748 |
Filed as: QDRO CONSULTANTS CO LLC Service code 16 · EIN 34-1820650 | Consulting | $5,250 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | FIDELITY INVESTMENTS INSTITUTIONAL | SERVICE PROVIDER EXCESS COMPENSATION PAID FOR RECORDKEEPING SERVICES FOR 2021 PLAN YEAR WAS 300,817 DOLLARS - VFCP FILED | — | — |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $292,825 | $101,555+188.3% | $119,237+145.6% | $101,555+188.3% |
| Participation rate | 96.7% | 74.5%+22.2pp | 82.7%+14.0pp | 74.5%+22.2pp |
| Annual return | 13.68% | 21.00%-7.3pp | 30.70%-17.0pp | 21.00%-7.3pp |
| Employer contribution / active EE | $4,319 | $2,972+45.3% | $4,383-1.5% | $2,972+45.3% |
| Participant deferral / active EE | $11,894 | $4,874+144.0% | $6,112+94.6% | $4,874+144.0% |
| Admin fee / account holder | $383 | $139+174.4% | $7,229-94.7% | $139+174.4% |