Filed September 20, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Filed as: MORGAN STANLEY INVESTMENT ADVISORS Service code 15 · EIN 26-4310632 5 CONCOURSE PARKWAY, STE 200 · ATLANTA, GA 30328 | Recordkeeping | $0 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632 5 CONCOURSE PARKWAY, STE 200 · ATLANTA, GA 30328 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $13,422 | $44,473-69.8% | $76,518-82.5% | $55,725-75.9% |
| Participation rate | 20.5% | 51.0%-30.5pp | 68.0%-47.5pp | 70.9%-50.4pp |
| Annual return | -14.63% | -2.01%-12.6pp | -0.27%-14.4pp | 244.93%-259.6pp |
| Employer contribution / active EE | $0 | $1,101-100.0% | $2,647-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $1,158 | $1,988-41.7% | $3,836-69.8% | $3,356-65.5% |
| Admin fee / account holder | $0 | $134-100.0% | $4,849-100.0% | $115-100.0% |