Filed February 28, 2022
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $144,369 |
KREISCHER MILLER4 years Service code 10 · EIN 23-1980475 | Accounting | $38,246 |
Filed as: LOCKTON INVESTMENT ADVISORS LLC Service code 27 · EIN 20-8874282 | Advisory (Plan) | $21,250 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $170,292 | $104,631+62.8% | $98,462+73.0% | $80,187+112.4% |
| Participation rate | 99.3% | 87.5%+11.7pp | 75.2%+24.1pp | 72.9%+26.3pp |
| Annual return | 21.99% | 34.72%-12.7pp | 21.20%+0.8pp | 40.40%-18.4pp |
| Employer contribution / active EE | $11,275 | $4,517+149.6% | $3,049+269.8% | $2,980+278.4% |
| Participant deferral / active EE | $9,953 | $6,545+52.1% | $4,738+110.0% | $5,016+98.4% |
| Admin fee / account holder | $80 | $105-23.4% | $8,875-99.1% | $145-44.6% |