Filed January 7, 2025
| Provider | Service type | Compensation |
|---|---|---|
BDO USA, LLP8 years Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $23,000 |
Service code 29 · EIN 36-1453176 | Legal | $6,080 |
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | -$983,420 |
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 | $436,989 | $120,321+263.2% | $147,117+197.0% | $99,313+340.0% |
| Participation rate | 97.9% | 73.4%+24.5pp | 82.2%+15.7pp | 71.7%+26.2pp |
| Annual return | 15.48% | 28.95%-13.5pp | 420.54%-405.1pp | 17.67%-2.2pp |
| Employer contribution / active EE | $9,403 | $4,158+126.2% | $4,932+90.6% | $3,264+188.1% |
| Participant deferral / active EE | $16,448 | $8,044+104.5% | $8,065+104.0% | $5,346+207.7% |
| Admin fee / account holder | -$114 | $150-175.5% | $12,993-100.9% | $109-204.0% |