Filed February 28, 2022
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $156,352 |
LOCKTON INVESTMENT ADVISORS, LLC8+ years Service code 27 · EIN 20-8874282 | Advisory (Plan) | $85,000 |
KREISCHER MILLER3 years Service code 10 · EIN 23-1980475 | Accounting | $42,265 |
Filed as: MERRILL LYNCH,PIERCE, FENNER & SMI Service code 27 · EIN 13-5674085 | Advisory (Plan) | $18,750 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $151,395 | $136,266+11.1% | $90,767+66.8% | $77,906+94.3% |
| Participation rate | 99.4% | 86.6%+12.7pp | 75.7%+23.7pp | 73.7%+25.7pp |
| Annual return | 7.04% | -11.32%+18.4pp | -12.16%+19.2pp | 12.16%-5.1pp |
| Employer contribution / active EE | $12,100 | $4,215+187.1% | $2,922+314.1% | $2,846+325.1% |
| Participant deferral / active EE | $9,914 | $6,353+56.1% | $4,565+117.2% | $4,805+106.3% |
| Admin fee / account holder | $130 | $399-67.4% | $8,445-98.5% | $133-1.9% |