Filed March 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
CHERRY BEKAERT LLP1 year Service code 10 · EIN 56-0574444 | Accounting | $21,000 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$31,548 |
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 | $210,249 | $99,957+110.3% | $149,730+40.4% | $73,493+186.1% |
| Participation rate | 99.4% | 75.7%+23.7pp | 82.5%+16.9pp | 70.7%+28.7pp |
| Annual return | 17.88% | 53.87%-36.0pp | 276.70%-258.8pp | 28.51%-10.6pp |
| Employer contribution / active EE | $9,918 | $3,191+210.8% | $4,645+113.5% | $2,270+336.9% |
| Participant deferral / active EE | $15,633 | $6,073+157.4% | $6,843+128.5% | $3,740+318.0% |
| Admin fee / account holder | -$43 | $551-107.7% | $9,310-100.5% | $513-108.3% |