Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $44,648 |
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | -$86,796 |
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.
Form 5500 reported that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,447 | $57,150-13.5% | $93,727-47.2% | $106,553-53.6% |
| Participation rate | 37.2% | 49.1%-11.9pp | 68.7%-31.5pp | 69.8%-32.6pp |
| Annual return | 16.28% | 15.81%+0.5pp | 133.83%-117.5pp | 17.37%-1.1pp |
| Employer contribution / active EE | $1,367 | $1,015+34.7% | $2,421-43.5% | $3,359-59.3% |
| Participant deferral / active EE | $822 | $1,853-55.6% | $4,417-81.4% | $5,562-85.2% |
| Admin fee / account holder | $107 | $64+66.0% | $8,292-98.7% | $80+34.1% |