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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,334 | $45,031-21.5% | $84,966-58.4% | $77,643-54.5% |
| Participation rate | 26.2% | 48.7%-22.5pp | 67.5%-41.3pp | 70.6%-44.4pp |
| Annual return | 20.91% | 79.22%-58.3pp | 66.38%-45.5pp | 31.24%-10.3pp |
| Employer contribution / active EE | $0 | $1,609-100.0% | $2,727-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $2,355 | $2,807-16.1% | $4,519-47.9% | $4,647-49.3% |
| Admin fee / account holder | $236 | $912-74.1% | $6,149-96.2% | $430-45.1% |