Filed April 1, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERIDIAN MANAGEMENT CO Service code 27 · EIN 71-0496439 | Advisory (Plan) | $49,129 |
Service code 37 · EIN 04-2647786 | Loan Processing | $49,038 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $108,424 | $89,093+21.7% | $102,434+5.8% | $77,736+39.5% |
| Participation rate | 85.6% | 80.9%+4.7pp | 76.5%+9.1pp | 70.6%+15.0pp |
| Annual return | 397.51% | 25.03%+372.5pp | 29.46%+368.1pp | 31.26%+366.2pp |
| Employer contribution / active EE | $977 | $2,699-63.8% | $3,023-67.7% | $2,728-64.2% |
| Participant deferral / active EE | $2,986 | $5,147-42.0% | $5,055-40.9% | $4,651-35.8% |
| Admin fee / account holder | $314 | $236+33.0% | $9,462-96.7% | $433-27.6% |