Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $314,263 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $40,052 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $51,157 | $53,531-4.4% | $86,251-40.7% | $96,393-46.9% |
| Participation rate | 41.9% | 53.4%-11.5pp | 69.0%-27.0pp | 71.3%-29.4pp |
| Annual return | 65.91% | 20.51%+45.4pp | 1170.54%-1104.6pp | 22.88%+43.0pp |
| Employer contribution / active EE | $1,921 | $1,158+65.8% | $2,381-19.3% | $3,239-40.7% |
| Participant deferral / active EE | $1,156 | $1,965-41.2% | $3,987-71.0% | $5,455-78.8% |
| Admin fee / account holder | $58 | $55+5.4% | $6,857-99.1% | $74-20.9% |