Filed March 10, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $25,952 |
Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971 | Advisory (Plan) | $25,000 |
AGSN, P.C.3 years Service code 10 · EIN 47-0696474 | Accounting | $10,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $39,027 | $53,165-26.6% | $86,209-54.7% | $74,440-47.6% |
| Participation rate | 43.5% | 64.9%-21.4pp | 69.0%-25.5pp | 70.7%-27.3pp |
| Annual return | 21.86% | 22.64%-0.8pp | 1169.05%-1147.2pp | 34.37%-12.5pp |
| Employer contribution / active EE | $847 | $1,210-30.0% | $2,381-64.4% | $2,638-67.9% |
| Participant deferral / active EE | $1,703 | $3,234-47.4% | $3,986-57.3% | $4,529-62.4% |
| Admin fee / account holder | $218 | $551-60.4% | $6,853-96.8% | $348-37.2% |