Filed February 11, 2025
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $603,280 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $410,331 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $56,813 | $96,461-41.1% | $68,815-17.4% | $89,433-36.5% |
| Participation rate | 52.2% | 64.2%-12.0pp | 69.0%-16.8pp | 71.3%-19.1pp |
| Annual return | -16.08% | -13.05%-3.0pp | -6.37%-9.7pp | -11.88%-4.2pp |
| Employer contribution / active EE | $1,038 | $3,671-71.7% | $2,656-60.9% | $3,021-65.6% |
| Participant deferral / active EE | $3,137 | $4,123-23.9% | $3,943-20.4% | $5,125-38.8% |
| Admin fee / account holder | $94 | $102-7.5% | $4,936-98.1% | $79+18.6% |