Filed September 20, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $45,840 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $14,027 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,334 | $45,022-21.5% | $85,126-58.5% | $77,714-54.5% |
| Participation rate | 26.2% | 48.7%-22.5pp | 67.5%-41.4pp | 70.6%-44.4pp |
| Annual return | 20.91% | 79.38%-58.5pp | 66.63%-45.7pp | 31.26%-10.3pp |
| Employer contribution / active EE | $0 | $1,610-100.0% | $2,731-100.0% | $2,727-100.0% |
| Participant deferral / active EE | $2,355 | $2,811-16.2% | $4,523-47.9% | $4,649-49.4% |
| Admin fee / account holder | $236 | $913-74.1% | $6,160-96.2% | $433-45.5% |