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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2+ years Service code 55 HARBORSIDE FINANCIAL CTR · JERSEY CITY, NJ 07311 | Other Commissions | $5,227 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,075 |
NATIONAL FINANCIAL SERVICES2+ years Filed as: NATIONAL FINANCIAL SERVICES LLC Service code 61 · EIN 04-3523567 | Finders' fees / placement fees | $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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $44,442 | $42,546+4.5% | $71,796-38.1% | $55,167-19.4% |
| Participation rate | 37.9% | 59.1%-21.2pp | 69.1%-31.2pp | 69.0%-31.1pp |
| Annual return | 6.05% | 12.36%-6.3pp | 78.04%-72.0pp | 169.23%-163.2pp |
| Employer contribution / active EE | $303 | $803-62.2% | $1,924-84.2% | $1,963-84.5% |
| Participant deferral / active EE | $2,046 | $2,064-0.9% | $2,794-26.8% | $3,054-33.0% |
| Admin fee / account holder | $15 | $650-97.8% | $4,815-99.7% | $504-97.1% |