Filed February 26, 2020
| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC2+ years Service code 27 · EIN 11-2551174 | Advisory (Plan) | $274,535 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $24,788 |
WARREN AVERETT, LLC1 year Filed as: WARREN AVERETT CPAS AND ADVISORS Service code 10 · EIN 45-4084437 | Accounting | $20,000 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $30,909 | $92,488-66.6% | $69,779-55.7% | $65,292-52.7% |
| Participation rate | 95.5% | 81.7%+13.9pp | 71.8%+23.7pp | 72.4%+23.1pp |
| Annual return | 33.63% | 20.13%+13.5pp | 12.99%+20.6pp | 11.84%+21.8pp |
| Employer contribution / active EE | $1,360 | $3,198-57.5% | $2,338-41.8% | $2,302-40.9% |
| Participant deferral / active EE | $2,635 | $4,112-35.9% | $2,931-10.1% | $3,579-26.4% |
| Admin fee / account holder | $54 | $58-7.6% | $4,381-98.8% | $57-5.9% |