Filed December 7, 2022
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| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $103,185 |
ELLIOTT DAVIS, LLC1 year Filed as: ELLIOTT DAVIS LLC Service code 10 · EIN 57-0381582 | Accounting | $21,000 |
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $12,853 |
Filed as: CBIZ FINANCIAL SOLUTIONS INC Service code 27 · EIN 52-1396995 | Advisory (Plan) | $9,060 |
BDO USA, LLP1 year Filed as: BDO Service code 16 · EIN 13-5381590 | Consulting | $8,300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,078 | $122,585-86.1% | $184,256-90.7% | $200,096-91.5% |
| Participation rate | 66.6% | 86.9%-20.3pp | 86.8%-20.2pp | 72.0%-5.4pp |
| Annual return | 15.31% | 144.12%-128.8pp | 28.85%-13.5pp | 34.26%-19.0pp |
| Employer contribution / active EE | $546 | $4,571-88.1% | $6,427-91.5% | $3,038-82.0% |
| Participant deferral / active EE | $2,136 | $7,972-73.2% | $9,133-76.6% | $5,090-58.0% |
| Admin fee / account holder | $66 | $120-44.7% | $13,899-99.5% | $269-75.3% |