Filed February 28, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $38,562 |
Filed as: MORGAN STANLEY DW INC Service code 49 · EIN 94-1671384 | Other Services | $13,809 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $32,616 | $58,888-44.6% | $178,499-81.7% | $73,493-55.6% |
| Participation rate | 91.8% | 66.2%+25.5pp | 81.9%+9.8pp | 70.7%+21.1pp |
| Annual return | 53.94% | 24.86%+29.1pp | 151.10%-97.2pp | 28.51%+25.4pp |
| Employer contribution / active EE | $0 | $2,236-100.0% | $5,011-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $8,559 | $2,568+233.3% | $5,202+64.5% | $3,740+128.9% |
| Admin fee / account holder | $168 | $400-58.1% | $13,986-98.8% | $513-67.3% |