Filed September 20, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Service code 49 · EIN 22-3319984 | Other Services | $0 |
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 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.
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).
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 | $14,433 | $40,522-64.4% | $84,628-82.9% | $67,579-78.6% |
| Participation rate | 21.9% | 51.1%-29.2pp | 68.2%-46.3pp | 71.3%-49.4pp |
| Annual return | 26.30% | 32.72%-6.4pp | 258.80%-232.5pp | 378.56%-352.3pp |
| Employer contribution / active EE | $0 | $1,146-100.0% | $2,653-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $1,456 | $2,132-31.7% | $3,900-62.7% | $3,539-58.9% |
| Admin fee / account holder | $0 | $145-100.0% | $4,914-100.0% | $142-100.0% |