Filed September 17, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $17,441 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $10,706 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,712 | $44,714-22.4% | $91,227-61.9% | $66,949-48.2% |
| Participation rate | 73.8% | 65.0%+8.8pp | 73.2%+0.6pp | 69.8%+4.0pp |
| Annual return | -19.94% | -12.25%-7.7pp | 114.14%-134.1pp | 1.57%-21.5pp |
| Employer contribution / active EE | $628 | $1,710-63.3% | $2,851-78.0% | $2,545-75.3% |
| Participant deferral / active EE | $3,465 | $3,355+3.3% | $4,234-18.2% | $4,239-18.3% |
| Admin fee / account holder | $237 | $521-54.6% | $5,423-95.6% | $594-60.2% |