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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 | $45,031+581.8% | $85,009+261.2% | $77,671+295.3% |
| Participation rate | 91.9% | 48.7%+43.2pp | 67.5%+24.4pp | 70.6%+21.3pp |
| Annual return | 22.10% | 79.22%-57.1pp | 66.47%-44.4pp | 31.21%-9.1pp |
| Employer contribution / active EE | $23,501 | $1,609+1360.3% | $2,728+761.4% | $2,726+762.0% |
| Participant deferral / active EE | $16,015 | $2,807+470.4% | $4,522+254.2% | $4,648+244.6% |
| Admin fee / account holder | $509 | $912-44.2% | $6,153-91.7% | $430+18.2% |