Filed November 23, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 60 · EIN 04-2647786 | Sub-TA Fees | -$149,762 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $139,022 | $116,081+19.8% | $156,181-11.0% | $79,634+74.6% |
| Participation rate | 66.8% | 75.6%-8.7pp | 78.8%-12.0pp | 62.5%+4.4pp |
| Annual return | 11.89% | 15.89%-4.0pp | 64.87%-53.0pp | 36.46%-24.6pp |
| Employer contribution / active EE | $704 | $2,828-75.1% | $4,294-83.6% | $2,529-72.2% |
| Participant deferral / active EE | $4,086 | $4,584-10.9% | $6,132-33.4% | $3,835+6.6% |
| Admin fee / account holder | -$105 | $854-112.3% | $14,586-100.7% | $1,002-110.5% |