Filed February 28, 2022
| Provider | Service type | Compensation |
|---|---|---|
LOCKTON INVESTMENT ADVISORS, LLC4+ years Service code 16 · EIN 20-8874282 | Consulting | $75,417 |
ARONSON LLC2 years Service code 10 · EIN 37-1611326 | Accounting | $38,600 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$171,976 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | SOLENIS LLC | PLAN SPONSOR MISTAKEN PAYMENT OF EXPENSES WITH PLAN ASSETS. REPAID THE PLAN, WITH INTEREST, ON SEPTEMBER 27, 2018. | — | $5K |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $121,409 | $134,045-9.4% | $80,022+51.7% | $75,289+61.3% |
| Participation rate | 99.2% | 85.8%+13.5pp | 75.8%+23.4pp | 72.4%+26.8pp |
| Annual return | -3.70% | -0.56%-3.1pp | 11.22%-14.9pp | -0.04%-3.7pp |
| Employer contribution / active EE | $8,816 | $3,492+152.4% | $2,468+257.2% | $2,405+266.6% |
| Participant deferral / active EE | $9,575 | $4,976+92.4% | $3,686+159.8% | $3,739+156.1% |
| Admin fee / account holder | -$39 | $124-131.8% | $6,521-100.6% | $102-138.5% |