Filed November 22, 2021
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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 26 · EIN 04-2675571 | Advisory (Participants) | $38,492 |
Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $3,820 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $66,982 | $52,884+26.7% | $84,753-21.0% | $55,167+21.4% |
| Participation rate | 92.9% | 67.5%+25.3pp | 76.6%+16.3pp | 69.0%+23.9pp |
| Annual return | 0.60% | 18.03%-17.4pp | 22.78%-22.2pp | 169.23%-168.6pp |
| Employer contribution / active EE | $2,369 | $2,233+6.1% | $3,574-33.7% | $1,963+20.7% |
| Participant deferral / active EE | $2,693 | $2,644+1.9% | $3,712-27.5% | $3,054-11.8% |
| Admin fee / account holder | $16 | $581-97.2% | $5,333-99.7% | $504-96.8% |