Filed December 17, 2020 (most recent of 10 filings on file)
Total covered: 8 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 06-1050034 | Contract Administrator | $71,597 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 27 · EIN 26-4310632 | Advisory (Plan) | $15,000 |
VENABLE LLP1 year Filed as: VENABLE, LLP Service code 29 · EIN 52-0517250 | Legal | $12,101 |
Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 | Recordkeeping | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $130,242 | $174,559-25.4% | $105,387+23.6% | $67,584+92.7% |
| Participation rate | 100.0% | 88.2%+11.8pp | 82.6%+17.4pp | 71.3%+28.7pp |
| Annual return | 18.01% | 23.63%-5.6pp | 26.82%-8.8pp | 378.59%-360.6pp |
| Employer contribution / active EE | $5,975 | $4,874+22.6% | $4,213+41.8% | $2,148+178.2% |
| Participant deferral / active EE | $6,311 | $7,563-16.6% | $5,502+14.7% | $3,540+78.3% |
| Admin fee / account holder | $323 | $270+19.4% | $6,559-95.1% | $142+126.8% |