Filed March 7, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
FIRST CLEARING LLC1 year Service code 55 · EIN 23-2384840 | Other Commissions | $19,534 |
Service code 37 · EIN 04-2647786 | Loan Processing | $625 |
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 | $34,031 | $63,905-46.7% | $74,184-54.1% | $57,661-41.0% |
| Participation rate | 59.4% | 79.8%-20.4pp | 76.6%-17.2pp | 70.2%-10.9pp |
| Annual return | 80.12% | 60.60%+19.5pp | 17.74%+62.4pp | 5.13%+75.0pp |
| Employer contribution / active EE | $0 | $1,840-100.0% | $2,370-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $7,553 | $3,448+119.0% | $3,550+112.8% | $3,061+146.8% |
| Admin fee / account holder | $21 | $91-76.6% | $5,586-99.6% | $95-77.4% |