Filed August 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MESIROW FINANCIAL Service code 51 · EIN 36-3429599 | Investment Mgmt Fees | $12,705 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 51 · EIN 13-5674085 | Investment Mgmt Fees | $11,842 |
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $8,149 |
ROBERT HALF1 year Filed as: GOUP RHI Service code 17 · EIN 47-4066865 | Pension Consulting | $0 |
PENSION ASSURANCE LLP1 year Filed as: THE PENSION STUDIO Service code 17 · EIN 54-2154380 | Pension Consulting | $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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,821 | $99,957-56.2% | $149,730-70.7% | $73,493-40.4% |
| Participation rate | 38.8% | 75.7%-36.9pp | 82.5%-43.7pp | 70.7%-31.9pp |
| Annual return | 16.56% | 53.87%-37.3pp | 276.70%-260.1pp | 28.51%-12.0pp |
| Employer contribution / active EE | $1,588 | $3,191-50.2% | $4,645-65.8% | $2,270-30.1% |
| Participant deferral / active EE | $3,081 | $6,073-49.3% | $6,843-55.0% | $3,740-17.6% |
| Admin fee / account holder | $300 | $551-45.5% | $9,310-96.8% | $513-41.5% |