Filed February 11, 2025
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $583,013 |
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $533,180 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,537 | $119,999-45.4% | $70,515-7.1% | $96,393-32.0% |
| Participation rate | 53.3% | 66.2%-12.8pp | 68.3%-15.0pp | 71.3%-17.9pp |
| Annual return | 18.33% | 20.36%-2.0pp | 32.77%-14.4pp | 22.88%-4.6pp |
| Employer contribution / active EE | $1,136 | $4,602-75.3% | $2,973-61.8% | $3,238-64.9% |
| Participant deferral / active EE | $3,316 | $4,604-28.0% | $4,567-27.4% | $5,455-39.2% |
| Admin fee / account holder | $98 | $95+4.1% | $6,412-98.5% | $74+33.3% |