Filed September 20, 2022 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| 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 | $45,109-21.7% | $85,240-58.5% | $77,762-54.6% |
| Participation rate | 26.2% | 48.7%-22.5pp | 67.5%-41.4pp | 70.6%-44.4pp |
| Annual return | 20.91% | 79.55%-58.6pp | 66.75%-45.8pp | 31.27%-10.4pp |
| Employer contribution / active EE | $0 | $1,602-100.0% | $2,735-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $2,355 | $2,814-16.3% | $4,527-48.0% | $4,651-49.4% |
| Admin fee / account holder | $236 | $915-74.2% | $6,165-96.2% | $433-45.4% |