Filed January 7, 2025
| Provider | Service type | Compensation |
|---|---|---|
BDO USA, LLP7+ years Service code 10 · EIN 13-5381590 | Accounting | $15,000 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$603,521 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $439,299 | $114,842+282.5% | $159,495+175.4% | $101,555+332.6% |
| Participation rate | 97.2% | 71.6%+25.5pp | 82.8%+14.4pp | 74.5%+22.6pp |
| Annual return | 13.88% | 22.90%-9.0pp | 263.72%-249.8pp | 21.00%-7.1pp |
| Employer contribution / active EE | $8,509 | $3,203+165.6% | $4,831+76.1% | $2,972+186.3% |
| Participant deferral / active EE | $14,870 | $6,336+134.7% | $7,354+102.2% | $4,874+205.1% |
| Admin fee / account holder | -$71 | $80-188.7% | $10,804-100.7% | $139-151.1% |