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| Provider | Service type | Compensation |
|---|---|---|
HIGHTOWER ADVISORS LLC5 years Filed as: HIGHTOWER ADVISORS, LLC Service code 27 · EIN 36-4500709 | Advisory (Plan) | $17,001 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $8,417 |
Service code 13 · EIN 95-3654973 | Contract Administrator | $8,183 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,211 | $29,546+5.6% | $56,441-44.7% | $77,671-59.8% |
| Participation rate | 30.9% | 32.7%-1.8pp | 52.5%-21.6pp | 70.6%-39.7pp |
| Annual return | 11.56% | 19.01%-7.5pp | 1704.21%-1692.7pp | 31.21%-19.7pp |
| Employer contribution / active EE | $609 | $568+7.1% | $1,039-41.4% | $2,726-77.7% |
| Participant deferral / active EE | $1,015 | $1,061-4.3% | $1,953-48.0% | $4,648-78.2% |
| Admin fee / account holder | $275 | $1,046-73.7% | $2,829-90.3% | $430-36.1% |