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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829 | Advisory (Participants) | $108,329 |
Service code 37 · EIN 04-2647786 | Loan Processing | $61,494 |
MORGAN STANLEY SMITH BARNEY5 years Service code 61 · EIN 26-4310632 | Finders' fees / placement fees | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $307,024 | $45,109+580.6% | $85,240+260.2% | $77,762+294.8% |
| Participation rate | 91.9% | 48.7%+43.3pp | 67.5%+24.4pp | 70.6%+21.3pp |
| Annual return | 22.10% | 79.55%-57.5pp | 66.75%-44.7pp | 31.27%-9.2pp |
| Employer contribution / active EE | $23,501 | $1,602+1367.3% | $2,735+759.2% | $2,728+761.5% |
| Participant deferral / active EE | $16,015 | $2,814+469.2% | $4,527+253.8% | $4,651+244.3% |
| Admin fee / account holder | $509 | $915-44.4% | $6,165-91.7% | $433+17.5% |