Filed August 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MILLENIUM INVESTMENT AND RET Service code 26 · EIN 94-3428956 | Advisory (Participants) | $4,520 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $660 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $51,499 | $58,888-12.5% | $178,499-71.1% | $73,493-29.9% |
| Participation rate | 68.3% | 66.2%+2.0pp | 81.9%-13.7pp | 70.7%-2.4pp |
| Annual return | 10.44% | 24.86%-14.4pp | 151.10%-140.7pp | 28.51%-18.1pp |
| Employer contribution / active EE | $97 | $2,236-95.7% | $5,011-98.1% | $2,270-95.7% |
| Participant deferral / active EE | $1,680 | $2,568-34.6% | $5,202-67.7% | $3,740-55.1% |
| Admin fee / account holder | $201 | $400-49.7% | $13,986-98.6% | $513-60.8% |