Filed March 1, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES AND ASSOCIATES Service code 26 · EIN 59-1237041 | Advisory (Participants) | $17,861 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $26,849 | $86,897-69.1% | $151,628-82.3% | $64,814-58.6% |
| Participation rate | 63.9% | 87.3%-23.3pp | 87.5%-23.5pp | 71.5%-7.5pp |
| Annual return | -10.63% | -3.57%-7.1pp | 3.34%-14.0pp | 32.84%-43.5pp |
| Employer contribution / active EE | $4,025 | $4,010+0.4% | $6,165-34.7% | $2,507+60.6% |
| Participant deferral / active EE | $5,398 | $6,690-19.3% | $8,363-35.4% | $4,310+25.2% |
| Admin fee / account holder | $214 | $153+39.9% | $11,613-98.2% | $188+13.9% |