Filed April 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 35-2552359 | Advisory (Plan) | $20,101 |
Service code 37 · EIN 04-2647786 | Loan Processing | $16,753 |
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 | $43,075 | $55,449-22.3% | $83,830-48.6% | $56,287-23.5% |
| Participation rate | 77.5% | 68.0%+9.5pp | 76.1%+1.4pp | 69.9%+7.7pp |
| Annual return | 2.72% | -1.38%+4.1pp | 850.97%-848.2pp | -9.96%+12.7pp |
| Employer contribution / active EE | $2,145 | $2,430-11.7% | $3,631-40.9% | $2,111+1.6% |
| Participant deferral / active EE | $4,291 | $2,935+46.2% | $4,082+5.1% | $3,350+28.1% |
| Admin fee / account holder | $199 | $656-69.7% | $5,479-96.4% | $521-61.8% |