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| Provider | Service type | Compensation |
|---|---|---|
CARR, RIGGS & INGRAM, LLC6+ years Filed as: CARR, RIGGS & INGRAM Service code 49 7550 HALCYON SUMMIT DRIVE · MONTGOMERY, AL 36117 | Other Services | $13,250 |
Service code 34 7050 FAIN PARK DRIVE, SUITE 12 · MONTGOMERY, AL 361240098 | Recordkeeping fees; Participant commu... | $7,728 |
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $7,661 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $30,033 | $91,179-67.1% | $178,499-83.2% | $79,852-62.4% |
| Participation rate | 22.7% | 69.2%-46.5pp | 81.9%-59.2pp | 69.6%-47.0pp |
| Annual return | 6.69% | 24.19%-17.5pp | 151.10%-144.4pp | 31.72%-25.0pp |
| Employer contribution / active EE | $422 | $3,256-87.0% | $5,011-91.6% | $2,471-82.9% |
| Participant deferral / active EE | $652 | $3,236-79.8% | $5,202-87.5% | $3,740-82.6% |
| Admin fee / account holder | $0 | $6,749-100.0% | $13,986-100.0% | $5,306-100.0% |