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.6+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $202,518 |
Service code 37 · EIN 04-2647786 | Loan Processing | $96,441 |
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 | $34,173 | $97,541-65.0% | $149,751-77.2% | $106,273-67.8% |
| Participation rate | 51.2% | 66.8%-15.6pp | 82.5%-31.2pp | 70.8%-19.6pp |
| Annual return | 19.59% | 24.23%-4.6pp | 276.71%-257.1pp | 21.70%-2.1pp |
| Employer contribution / active EE | $547 | $2,504-78.2% | $4,646-88.2% | $2,722-79.9% |
| Participant deferral / active EE | $1,752 | $6,023-70.9% | $6,843-74.4% | $4,601-61.9% |
| Admin fee / account holder | $23 | $72-68.2% | $9,312-99.8% | $78-70.9% |