Filed September 12, 2019 (most recent of 2 filings on file)
Total covered: 947 employees
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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $151,837 |
Service code 16 · EIN 20-8874282 | Consulting | $81,250 |
Service code 37 · EIN 04-2647786 | Loan Processing | $26,477 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $17,717 | $71,505-75.2% | $123,553-85.7% | $73,367-75.9% |
| Participation rate | 68.4% | 64.9%+3.4pp | 82.3%-13.9pp | 69.5%-1.1pp |
| Annual return | -2.25% | 6.94%-9.2pp | 119.21%-121.5pp | 173.45%-175.7pp |
| Employer contribution / active EE | $403 | $2,011-80.0% | $4,628-91.3% | $2,499-83.9% |
| Participant deferral / active EE | $1,167 | $4,928-76.3% | $6,426-81.8% | $4,033-71.1% |
| Admin fee / account holder | $13 | $66-80.3% | $9,284-99.9% | $68-81.0% |