Filed September 13, 2017
Total covered: 78 employees
| Provider | Service type | Compensation |
|---|---|---|
Filed as: BANK OF AMERICA MERRILL LYNCH Service code 12 150 N. COLLEGE ST. · CHARLOTTE, NC 28255 | Investment management fees paid direc... | $1,316,745 |
Filed as: WILLIS TOWER WATSON Service code 50 335 MADISON AVE · NEW YORK, NY 10017 | Direct Payment | $557,762 |
US BANK6 years Service code 19 · EIN 31-0841368 | Securities Custodian | $163,636 |
Filed as: JOHN HANCOCK Service code 28 · EIN 01-0233346 | Investment Management | $38,560 |
FORVIS, LLP1 year Filed as: FORVIS MAZARS, LLP Service code 10 · EIN 44-0160260 | Accounting | $36,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $3,299,877-100.0% | $191,373-100.0% | $3,299,877-100.0% |
| Participation rate | 0.0% | 0.0%0pp | 5.3%-5.3pp | 2.3%-2.3pp |
| Annual return | 10.24% | 9.42%+0.8pp | 8.46%+1.8pp | 37.77%-27.5pp |
| Employer contribution / active EE | $0 | $16,284-100.0% | $25,175-100.0% | $15,798-100.0% |
| Participant deferral / active EE | $0 | $512-100.0% | $181-100.0% | $732-100.0% |
| Admin fee / account holder | $0 | $9,287-100.0% | $730-100.0% | $9,287-100.0% |