Filed March 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY1+ years Service code 12 · EIN 47-0321480 | Trustee (bank, trust company, or simi... | $37,560 |
MATRIX CLEARANCE AND SETTLEMENT1+ years Filed as: MATRIX CLEARENCE AND SETTLEMENT Service code 33 · EIN 13-4046432 | Securities brokerage; Sub-transfer ag... | $0 |
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 | $43,822 | $33,745+29.9% | $64,105-31.6% | $55,191-20.6% |
| Participation rate | 75.2% | 59.4%+15.8pp | 68.2%+7.0pp | 69.2%+6.0pp |
| Annual return | -1.08% | 4.95%-6.0pp | 791.24%-792.3pp | 10.78%-11.9pp |
| Employer contribution / active EE | $781 | $641+21.8% | $1,820-57.1% | $1,899-58.9% |
| Participant deferral / active EE | $2,607 | $1,929+35.2% | $2,822-7.6% | $3,046-14.4% |
| Admin fee / account holder | $138 | $94+45.8% | $4,499-96.9% | $91+51.6% |