Filed March 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR2+ years Service code 27 | Advisory (Plan) | $2,848 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $2,159 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $418,704 | $41,281+914.3% | $109,313+283.0% | $57,658+626.2% |
| Participation rate | 0.0% | 59.3%-59.3pp | 71.3%-71.3pp | 70.2%-70.2pp |
| Annual return | 6.55% | 8.97%-2.4pp | 22.07%-15.5pp | 5.13%+1.4pp |
| Employer contribution / active EE | $1,343 | $1,201+11.8% | $3,892-65.5% | $1,974-32.0% |
| Participant deferral / active EE | $1,332 | $2,223-40.1% | $3,166-57.9% | $3,061-56.5% |
| Admin fee / account holder | $376 | $75+400.0% | $5,666-93.4% | $95+298.0% |