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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 26 · EIN 26-4310632 | Advisory (Participants) | $26,313 |
Service code 37 · EIN 04-2647786 | Loan Processing | $23,548 |
ADMIN3161 year Service code 14 · EIN 81-0759783 | Plan Administrator | $21,781 |
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN STANLEY Service code 26 · EIN 26-4310632 | Advisory (Participants) | $8,083 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $70,322 | $47,977+46.6% | $154,111-54.4% | $56,287+24.9% |
| Participation rate | 100.0% | 66.2%+33.8pp | 83.0%+17.0pp | 69.9%+30.1pp |
| Annual return | -2.98% | 3.54%-6.5pp | 735.18%-738.2pp | -9.96%+7.0pp |
| Employer contribution / active EE | $3,282 | $2,169+51.3% | $5,298-38.0% | $2,111+55.5% |
| Participant deferral / active EE | $2,392 | $2,3920% | $5,081-52.9% | $3,350-28.6% |
| Admin fee / account holder | $532 | $438+21.4% | $13,411-96.0% | $521+2.1% |