Filed April 23, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $50,930 |
MMA SECURITIES LLC8 years Service code 27 | Advisory (Plan) | $29,397 |
ASCENSUS LLC5 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $11,439 |
MMA SECURITIES LLC8 years Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392 | Advisory (Plan) | $0 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,371 | $91,760+1.8% | $156,181-40.2% | $67,986+37.3% |
| Participation rate | 95.6% | 65.0%+30.6pp | 78.8%+16.8pp | 57.2%+38.4pp |
| Annual return | 13.86% | 18.14%-4.3pp | 64.87%-51.0pp | 31.67%-17.8pp |
| Employer contribution / active EE | $2,056 | $2,419-15.0% | $4,294-52.1% | $2,019+1.9% |
| Participant deferral / active EE | $10,033 | $3,960+153.3% | $6,132+63.6% | $3,358+198.8% |
| Admin fee / account holder | $315 | $3,949-92.0% | $14,586-97.8% | $3,203-90.2% |