Filed April 19, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MARINER LLC1 year Filed as: MARINER RETIREMENT ADVISORS, LLC Service code 15 · EIN 61-1740806 | Recordkeeping | $18,512 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $3,325 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,042 | $50,106-34.1% | $69,779-52.6% | $57,658-42.7% |
| Participation rate | 29.5% | 70.9%-41.4pp | 71.8%-42.3pp | 70.2%-40.7pp |
| Annual return | 11.65% | 14.58%-2.9pp | 12.99%-1.3pp | 5.13%+6.5pp |
| Employer contribution / active EE | $493 | $1,739-71.6% | $2,338-78.9% | $1,974-75.0% |
| Participant deferral / active EE | $1,443 | $2,486-42.0% | $2,931-50.8% | $3,061-52.9% |
| Admin fee / account holder | $151 | $89+68.9% | $4,381-96.6% | $95+59.3% |