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| Provider | Service type | Compensation |
|---|---|---|
Filed as: THE RETIREMENT ADVANTAGE, INC Service code 49 | Other Services | $3,273 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $1,418 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $1,418 |
MORNINGSTAR1 year Service code 27 | Advisory (Plan) | $1,172 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,183 | $72,303-72.1% | $86,698-76.7% | $64,819-68.9% |
| Participation rate | 59.8% | 80.4%-20.6pp | 76.6%-16.8pp | 71.5%-11.6pp |
| Annual return | -12.65% | 392.77%-405.4pp | 35.95%-48.6pp | 32.84%-45.5pp |
| Employer contribution / active EE | $0 | $2,393-100.0% | $2,837-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $7,933 | $4,660+70.3% | $4,656+70.4% | $4,311+84.0% |
| Admin fee / account holder | $24 | $174-86.2% | $7,493-99.7% | $188-87.2% |