Filed July 26, 2019
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| Provider | Service type | Compensation |
|---|---|---|
SLC MANAGEMENT2+ years Filed as: AIG SUN AMERICA LIFE ASSURANCE COMP Service code 49 · EIN 86-0198983 | Other Services | $7,884 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $5,126 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $6,673 | $31,994-79.1% | $74,577-91.1% | $65,292-89.8% |
| Participation rate | 2.0% | 38.6%-36.6pp | 68.1%-66.1pp | 72.4%-70.4pp |
| Annual return | 22.43% | 18.54%+3.9pp | 20.47%+2.0pp | 11.84%+10.6pp |
| Employer contribution / active EE | $0 | $793-100.0% | $2,525-100.0% | $2,302-100.0% |
| Participant deferral / active EE | $52 | $1,345-96.2% | $3,458-98.5% | $3,579-98.6% |
| Admin fee / account holder | $18 | $74-76.2% | $4,138-99.6% | $57-69.3% |