Filed March 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $83,431 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL Service code 99 · EIN 36-3145972 | Other Fees | $24,295 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,171 | $112,582-59.0% | $105,624-56.3% | $200,096-76.9% |
| Participation rate | 71.9% | 86.3%-14.3pp | 75.3%-3.3pp | 72.0%-0.1pp |
| Annual return | 14.07% | 15.58%-1.5pp | 116.20%-102.1pp | 34.26%-20.2pp |
| Employer contribution / active EE | $1,951 | $4,580-57.4% | $3,168-38.4% | $3,038-35.8% |
| Participant deferral / active EE | $3,027 | $6,655-54.5% | $5,013-39.6% | $5,090-40.5% |
| Admin fee / account holder | $99 | $107-7.4% | $10,961-99.1% | $269-63.2% |