Filed January 7, 2025
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | -$556,180 |
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 | $392,410 | $121,599+222.7% | $135,998+188.5% | $103,657+278.6% |
| Participation rate | 99.3% | 76.2%+23.0pp | 81.9%+17.3pp | 73.4%+25.9pp |
| Annual return | 20.50% | 26.09%-5.6pp | 68.37%-47.9pp | 33.13%-12.6pp |
| Employer contribution / active EE | $8,938 | $4,627+93.2% | $4,860+83.9% | $3,216+178.0% |
| Participant deferral / active EE | $15,894 | $7,782+104.2% | $7,761+104.8% | $5,218+204.6% |
| Admin fee / account holder | -$66 | $76-186.6% | $10,769-100.6% | $114-157.5% |