Filed June 9, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY3+ years Service code 26 · EIN 26-4310632 | Advisory (Participants) | $247,671 |
MELTON & MELTON LLP1 year Filed as: MELTON & MELTON, LLP Service code 10 · EIN 74-1550819 | Accounting | $19,478 |
Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 99 HARBORSIDE FINANCIAL CTR · JERSEY CITY, NJ 07311 | Other Fees | $0 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$115,515 |
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).
Form 5500 reported that benefits due were not provided when due.
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 | $40,621 | $177,276-77.1% | $115,752-64.9% | $177,276-77.1% |
| Participation rate | 94.0% | 74.8%+19.2pp | 77.8%+16.2pp | 74.8%+19.2pp |
| Annual return | 6.34% | 21.25%-14.9pp | 19.41%-13.1pp | 21.25%-14.9pp |
| Employer contribution / active EE | $2,062 | $2,479-16.8% | $3,492-41.0% | $2,479-16.8% |
| Participant deferral / active EE | $5,847 | $3,881+50.7% | $5,204+12.4% | $3,881+50.7% |
| Admin fee / account holder | $24 | $154-84.2% | $6,278-99.6% | $154-84.2% |