Filed June 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY1+ years Service code 12 · EIN 47-0321480 | Participant communication; Recordkeep... | $36,995 |
SMITH HAYES ADVISERS, INC.1+ years Filed as: SMITH HAYES ADVISERS, INC Service code 27 1225 L STREET, SUITE 200 · LINCOLN, NE 68508 | Advisory (Plan) | $9,892 |
MATRIX CLEARANCE AND SETTLEMENT1+ years Filed as: MATRIX CLEARENCE AND SETTLEMENT Service code 33 · EIN 13-4046432 | Securities brokerage; Sub-transfer ag... | $0 |
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).
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 | $8,712 | $37,117-76.5% | $147,618-94.1% | $55,191-84.2% |
| Participation rate | 91.1% | 63.6%+27.5pp | 84.6%+6.5pp | 69.2%+21.9pp |
| Annual return | 1.19% | 3.44%-2.3pp | 61.98%-60.8pp | 10.78%-9.6pp |
| Employer contribution / active EE | $521 | $1,620-67.9% | $5,565-90.6% | $1,899-72.6% |
| Participant deferral / active EE | $1,198 | $1,985-39.7% | $4,895-75.5% | $3,046-60.7% |
| Admin fee / account holder | $56 | $86-34.3% | $11,612-99.5% | $91-38.1% |