Filed November 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK6+ years Service code 27 · EIN 04-2675571 | Advisory (Plan) | $34,365 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,106 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,772 | $100,801-27.8% | $149,696-51.4% | $73,409-0.9% |
| Participation rate | 93.5% | 77.7%+15.8pp | 82.5%+11.0pp | 72.2%+21.3pp |
| Annual return | 17.45% | 265.34%-247.9pp | 276.60%-259.1pp | 59.29%-41.8pp |
| Employer contribution / active EE | $2,638 | $3,312-20.4% | $4,644-43.2% | $2,234+18.1% |
| Participant deferral / active EE | $7,230 | $6,404+12.9% | $6,842+5.7% | $3,805+90.0% |
| Admin fee / account holder | $114 | $181-36.9% | $9,309-98.8% | $158-27.8% |