Filed August 28, 2017
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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 27 · EIN 51-0116113 | Advisory (Plan) | $99,579 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $86,036 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $29,869 | $23,187+28.8% | $67,704-55.9% | $69,651-57.1% |
| Participation rate | 13.1% | 20.5%-7.4pp | 67.5%-54.4pp | 66.6%-53.5pp |
| Annual return | 5.19% | 599.89%-594.7pp | 25.41%-20.2pp | 53.77%-48.6pp |
| Employer contribution / active EE | $301 | $277+8.5% | $2,559-88.3% | $2,241-86.6% |
| Participant deferral / active EE | $596 | $676-11.7% | $3,585-83.4% | $3,635-83.6% |
| Admin fee / account holder | $91 | $65+40.8% | $4,255-97.9% | $63+44.3% |