Filed September 22, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES FINANCIAL Service code 27 · EIN 59-2937883 | Advisory (Plan) | $113,680 |
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754 | Recordkeeping | $71,965 |
Filed as: MESIROW Service code 27 · EIN 36-3429599 | Advisory (Plan) | $26,276 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $77,897 | $89,465-12.9% | $165,100-52.8% | $77,762+0.2% |
| Participation rate | 88.1% | 78.6%+9.4pp | 78.6%+9.5pp | 70.6%+17.5pp |
| Annual return | 14.79% | 28.86%-14.1pp | 70.21%-55.4pp | 31.27%-16.5pp |
| Employer contribution / active EE | $1,188 | $2,565-53.7% | $4,348-72.7% | $2,728-56.5% |
| Participant deferral / active EE | $2,824 | $4,904-42.4% | $6,035-53.2% | $4,651-39.3% |
| Admin fee / account holder | $306 | $340-9.9% | $12,696-97.6% | $433-29.3% |