Filed June 13, 2019
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| Provider | Service type | Compensation |
|---|---|---|
MCGRIFF INSURANCE SERVICES2 years Service code 27 · EIN 56-1623293 | Advisory (Plan) | $127,887 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $48,793 |
WRIGHT FORD YOUNG & CO2 years Filed as: WRIGHT FORD YOUNG & CO. Service code 10 · EIN 95-3288054 | Accounting | $36,000 |
BDO USA, LLP2 years Filed as: BDO USA LLP Service code 10 · EIN 13-5381590 | Accounting | $32,920 |
BDO USA, LLP1 year Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $5,000 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$160,338 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $187,641 | $127,481+47.2% | $149,751+25.3% | $90,274+107.9% |
| Participation rate | 16.7% | 78.2%-61.5pp | 82.5%-65.7pp | 73.4%-56.6pp |
| Annual return | 61.62% | 57.78%+3.8pp | 276.71%-215.1pp | 53.97%+7.6pp |
| Employer contribution / active EE | $1,297 | $3,448-62.4% | $4,646-72.1% | $2,523-48.6% |
| Participant deferral / active EE | $8,924 | $6,975+27.9% | $6,843+30.4% | $4,231+110.9% |
| Admin fee / account holder | $113 | $152-25.2% | $9,312-98.8% | $114-0.6% |