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| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY Service code 26 · EIN 26-4310632 | Advisory (Participants) | $34,498 |
ADMIN3162 years Service code 14 · EIN 81-0759783 | Plan Administrator | $31,131 |
Service code 37 · EIN 04-2647786 | Loan Processing | $26,299 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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.
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 | $79,544 | $52,961+50.2% | $172,752-54.0% | $65,185+22.0% |
| Participation rate | 88.2% | 66.2%+22.0pp | 82.6%+5.5pp | 70.2%+18.0pp |
| Annual return | 15.05% | 30.12%-15.1pp | 802.97%-787.9pp | 29.38%-14.3pp |
| Employer contribution / active EE | $3,009 | $2,190+37.4% | $5,144-41.5% | $2,177+38.2% |
| Participant deferral / active EE | $2,029 | $2,471-17.9% | $5,198-61.0% | $3,514-42.2% |
| Admin fee / account holder | $544 | $472+15.3% | $13,955-96.1% | $847-35.8% |