| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $708,767 |
Service code 37 · EIN 04-2647786 | Loan Processing | $350,726 |
Filed as: QDRO CONSULTANTS CO LLC Service code 16 · EIN 34-1820650 | Consulting | $7,800 |
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 2023 PLAN YEAR WAS 216959 DOLLARS VFCP FILED | — | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $197,270 | $103,657+90.3% | $112,504+75.3% | $103,657+90.3% |
| Participation rate | 98.5% | 73.4%+25.1pp | 80.6%+17.9pp | 73.4%+25.1pp |
| Annual return | 13.16% | 33.13%-20.0pp | 34.13%-21.0pp | 33.13%-20.0pp |
| Employer contribution / active EE | $5,789 | $3,216+80.0% | $4,571+26.6% | $3,216+80.0% |
| Participant deferral / active EE | $14,235 | $5,218+172.8% | $6,522+118.3% | $5,218+172.8% |
| Admin fee / account holder | $234 | $114+104.6% | $7,048-96.7% | $114+104.6% |