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.5+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $176,237 |
Service code 37 · EIN 04-2647786 | Loan Processing | $87,606 |
Service code 16 · EIN 20-8874282 | Consulting | $65,000 |
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 | $29,549 | $81,961-63.9% | $141,191-79.1% | $89,609-67.0% |
| Participation rate | 53.6% | 64.9%-11.3pp | 82.5%-28.9pp | 69.6%-16.0pp |
| Annual return | 28.64% | 47.43%-18.8pp | 71.41%-42.8pp | 34.56%-5.9pp |
| Employer contribution / active EE | $532 | $2,271-76.6% | $4,736-88.8% | $2,584-79.4% |
| Participant deferral / active EE | $1,643 | $5,279-68.9% | $6,710-75.5% | $4,220-61.1% |
| Admin fee / account holder | $21 | $68-68.9% | $10,264-99.8% | $72-70.5% |