Filed March 21, 2016
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
INDEPENDENT FINANCIAL GROUP LLC2+ years Filed as: INDEPENDENT FINANCIAL GROUP Service code 27 · EIN 71-0927304 | Advisory (Plan) | $41,447 |
Service code 37 · EIN 04-2647786 | Loan Processing | $14,356 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,233 | $57,921-75.4% | $84,753-83.2% | $57,658-75.3% |
| Participation rate | 87.3% | 72.9%+14.4pp | 76.6%+10.7pp | 70.2%+17.1pp |
| Annual return | 7.79% | 10.24%-2.4pp | 22.78%-15.0pp | 5.13%+2.7pp |
| Employer contribution / active EE | $466 | $2,598-82.1% | $3,574-87.0% | $1,974-76.4% |
| Participant deferral / active EE | $2,856 | $2,742+4.2% | $3,712-23.1% | $3,061-6.7% |
| Admin fee / account holder | $50 | $130-61.5% | $5,333-99.1% | $95-47.2% |