Filed October 15, 2018
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| Provider | Service type | Compensation |
|---|---|---|
CETERA ADVISOR NETWORKS LLC2+ years Filed as: CETERA INVESTMENT SERVICES LLC Service code 71 · EIN 41-1483314 | Brokerage Fees | $0 |
FIRST MERCANTILE TRUST COMPANY2+ years Service code 28 · EIN 62-0951563 57 GERMANTOWN COURT · CORDOVA, TN 38018 | Investment Management | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $62,328 | $46,732+33.4% | $156,551-60.2% | $55,167+13.0% |
| Participation rate | 38.3% | 65.8%-27.5pp | 84.0%-45.7pp | 69.0%-30.7pp |
| Annual return | 7.35% | 17.72%-10.4pp | 32.23%-24.9pp | 169.23%-161.9pp |
| Employer contribution / active EE | $718 | $2,105-65.9% | $5,501-87.0% | $1,963-63.4% |
| Participant deferral / active EE | $1,748 | $2,204-20.7% | $4,871-64.1% | $3,054-42.8% |
| Admin fee / account holder | $470 | $418+12.4% | $13,028-96.4% | $504-6.7% |