Filed February 28, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $103,346 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 26-4310632 | Advisory (Plan) | $102,725 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $60,873 | $47,163+29.1% | $149,696-59.3% | $74,460-18.2% |
| Participation rate | 97.8% | 63.4%+34.3pp | 78.8%+19.0pp | 70.7%+27.0pp |
| Annual return | 42.97% | 22.75%+20.2pp | 134.46%-91.5pp | 34.38%+8.6pp |
| Employer contribution / active EE | $5,045 | $1,907+164.6% | $4,821+4.6% | $2,638+91.2% |
| Participant deferral / active EE | $14,635 | $2,730+436.0% | $5,682+157.6% | $4,530+223.1% |
| Admin fee / account holder | $311 | $343-9.4% | $13,212-97.6% | $348-10.6% |