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| Provider | Service type | Compensation |
|---|---|---|
AMERITAS LIFE INSURANCE CORP2 years Service code 12 · EIN 47-0098400 | Account maintenance fees; Participant... | $498,714 |
BENSOURCE EMPLOYEE BENEFITS7 years Service code 26 · EIN 27-1598845 | Advisory (Participants) | $450,348 |
Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 50 · EIN 42-1445429 | Direct Payment | $61,411 |
SMITH & HOWARD, PC3 years Filed as: SMITH & HOWARD Service code 10 · EIN 58-1250486 | Accounting | $41,000 |
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $39,880 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,903 | $86,936-40.3% | $103,333-49.8% | $99,062-47.6% |
| Participation rate | 61.8% | 81.7%-19.9pp | 74.5%-12.7pp | 71.6%-9.8pp |
| Annual return | 15.66% | 14.99%+0.7pp | 24.88%-9.2pp | 17.66%-2.0pp |
| Employer contribution / active EE | $1,231 | $3,925-68.6% | $3,868-68.2% | $3,262-62.3% |
| Participant deferral / active EE | $3,038 | $3,825-20.6% | $5,057-39.9% | $5,331-43.0% |
| Admin fee / account holder | $250 | $140+78.0% | $8,355-97.0% | $109+129.2% |