Filed October 19, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES FINANCIAL SERVICE ADV Service code 27 | Advisory (Plan) | $127,789 |
Service code 13 | Contract Administrator | $66,670 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850 | Other Services | $1,750 |
AB FUNDS5 years Service code 52 · EIN 13-4071393 | Indirect Investment Fees | $0 |
ALGER5 years Service code 52 · EIN 13-2665689 | Indirect Investment Fees | $0 |
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037 | Indirect Investment Fees | $0 |
BLACKROCK3 years Service code 52 · EIN 51-0318674 | Indirect Investment Fees | $0 |
COLUMBIA5 years Service code 52 · EIN 93-0577450 | Indirect Investment Fees | $0 |
DWS FUNDS3 years Service code 52 · EIN 13-2661231 | Indirect Investment Fees | $0 |
EATON VANCE5 years Service code 52 | Indirect Investment Fees | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $320,308 | $133,040+140.8% | $119,237+168.6% | $79,389+303.5% |
| Participation rate | 100.0% | 80.9%+19.1pp | 82.7%+17.3pp | 70.7%+29.3pp |
| Annual return | 10.91% | 20.05%-9.1pp | 30.70%-19.8pp | 116.89%-106.0pp |
| Employer contribution / active EE | $10,093 | $4,390+129.9% | $4,383+130.3% | $2,428+315.7% |
| Participant deferral / active EE | $6,381 | $6,448-1.1% | $6,112+4.4% | $4,046+57.7% |
| Admin fee / account holder | $9 | $686-98.6% | $7,229-99.9% | $626-98.5% |