Filed April 29, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $32,931 |
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC ADVISERS LLC Service code 27 · EIN 04-2654524 | Advisory (Plan) | $9,321 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,509 | $123,077-86.6% | $116,228-85.8% | $102,872-84.0% |
| Participation rate | 69.5% | 87.0%-17.5pp | 74.6%-5.0pp | 73.0%-3.5pp |
| Annual return | 28.82% | 15.84%+13.0pp | 90.06%-61.2pp | 19.06%+9.8pp |
| Employer contribution / active EE | $2,009 | $4,380-54.1% | $2,994-32.9% | $3,526-43.0% |
| Participant deferral / active EE | $2,616 | $6,746-61.2% | $4,953-47.2% | $5,535-52.7% |
| Admin fee / account holder | $24 | $115-79.4% | $11,989-99.8% | $292-91.9% |