Filed June 4, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRISM FINANCIAL1 year Filed as: PRISM FINANCIAL GROUP LLC Service code 27 7107 COLLEGE BLVD · OVERLAND, KS 662101984 | Advisory (Plan) | $20,605 |
Service code 15 · EIN 48-1205033 | Recordkeeping | $19,151 |
ALLWORTH FINANCIAL1 year Service code 27 340 PALLADIO PKWY · FOLSOM, CA 956308832 | Advisory (Plan) | $7,152 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $77,695 | $54,193+43.4% | $93,654-17.0% | $77,6710% |
| Participation rate | 24.5% | 63.9%-39.4pp | 68.7%-44.2pp | 70.6%-46.1pp |
| Annual return | 10.67% | 30.54%-19.9pp | 133.34%-122.7pp | 31.21%-20.5pp |
| Employer contribution / active EE | $327 | $1,168-72.0% | $2,421-86.5% | $2,726-88.0% |
| Participant deferral / active EE | $2,106 | $3,144-33.0% | $4,413-52.3% | $4,648-54.7% |
| Admin fee / account holder | $280 | $576-51.4% | $8,282-96.6% | $430-35.0% |