Filed April 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: KESTRA INVESTMENT SERVICES Service code 27 · EIN 35-2552359 | Advisory (Plan) | $15,728 |
Service code 37 · EIN 04-2647786 | Loan Processing | $12,847 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,191 | $58,726-17.9% | $92,240-47.8% | $62,293-22.6% |
| Participation rate | 81.8% | 68.3%+13.4pp | 76.5%+5.3pp | 69.5%+12.3pp |
| Annual return | 17.74% | 43.62%-25.9pp | 176.29%-158.6pp | 28.90%-11.2pp |
| Employer contribution / active EE | $2,399 | $2,392+0.3% | $3,680-34.8% | $2,042+17.4% |
| Participant deferral / active EE | $4,421 | $2,766+59.9% | $3,897+13.5% | $3,169+39.5% |
| Admin fee / account holder | $209 | $556-62.5% | $5,194-96.0% | $479-56.5% |