Filed February 26, 2020
| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC5+ years Service code 27 · EIN 47-0648506 | Advisory (Plan) | $377,607 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $141,114 |
WARREN AVERETT, LLC4 years Filed as: WARREN AVERETT CPAS AND ADVISORS Service code 16 · EIN 45-4084437 | Consulting | $15,042 |
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 | $40,506 | $92,153-56.0% | $76,667-47.2% | $82,204-50.7% |
| Participation rate | 98.2% | 79.4%+18.8pp | 72.1%+26.1pp | 73.4%+24.8pp |
| Annual return | 22.86% | 21.12%+1.7pp | 1166.74%-1143.9pp | 26.31%-3.5pp |
| Employer contribution / active EE | $2,302 | $3,043-24.4% | $2,303-0.1% | $2,707-15.0% |
| Participant deferral / active EE | $3,607 | $4,304-16.2% | $3,336+8.1% | $4,246-15.0% |
| Admin fee / account holder | $56 | $70-20.1% | $6,423-99.1% | $76-25.8% |