Filed January 31, 2022
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| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930 | Recordkeeping | $14,855 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $59,845 | $80,753-25.9% | $136,298-56.1% | $62,293-3.9% |
| Participation rate | 99.3% | 73.5%+25.7pp | 81.9%+17.4pp | 69.5%+29.8pp |
| Annual return | 20.42% | 35.83%-15.4pp | 5156.27%-5135.8pp | 28.90%-8.5pp |
| Employer contribution / active EE | $6,736 | $2,884+133.6% | $4,696+43.4% | $2,042+229.8% |
| Participant deferral / active EE | $8,504 | $5,164+64.7% | $6,247+36.1% | $3,169+168.3% |
| Admin fee / account holder | $95 | $525-81.9% | $9,244-99.0% | $479-80.1% |