Filed November 7, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITY NATIONAL BANK2+ years Service code 21 · EIN 42-0943319 | Bank Trustee | $31,553 |
Filed as: EDWARD D JONES & CO LP Service code 54 · EIN 43-0345811 12555 MANCHESTER ROAD · ST LOUIS, MO 63131 | Sales Loads | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $10,566 | $36,916-71.4% | $156,551-93.3% | $57,658-81.7% |
| Participation rate | 45.2% | 63.4%-18.2pp | 84.0%-38.8pp | 70.2%-25.0pp |
| Annual return | 12.11% | 12.38%-0.3pp | 32.23%-20.1pp | 5.13%+7.0pp |
| Employer contribution / active EE | $336 | $1,571-78.6% | $5,501-93.9% | $1,974-83.0% |
| Participant deferral / active EE | $942 | $1,926-51.1% | $4,871-80.7% | $3,061-69.2% |
| Admin fee / account holder | $86 | $82+3.7% | $13,028-99.3% | $95-9.5% |