Filed December 2, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $42,533 |
CARR, RIGGS & INGRAM, LLC1+ years Filed as: CARR RIGGS & INGRAM Service code 26 · EIN 72-1396621 | Advisory (Participants) | $12,500 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,387 | $68,413-64.4% | $123,105-80.2% | $55,191-55.8% |
| Participation rate | 89.0% | 84.5%+4.5pp | 86.8%+2.2pp | 69.2%+19.8pp |
| Annual return | 1.88% | 6.30%-4.4pp | 13.22%-11.3pp | 10.78%-8.9pp |
| Employer contribution / active EE | $788 | $3,050-74.2% | $5,151-84.7% | $1,899-58.5% |
| Participant deferral / active EE | $2,234 | $4,490-50.2% | $6,229-64.1% | $3,046-26.7% |
| Admin fee / account holder | $94 | $88+7.4% | $9,014-99.0% | $91+3.9% |