Filed April 11, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIDELITY INVEST INSTITUTIONAL OPER Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $675 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $46,161 | $43,423+6.3% | $78,676-41.3% | $55,167-16.3% |
| Participation rate | 23.9% | 68.0%-44.1pp | 73.6%-49.7pp | 69.0%-45.1pp |
| Annual return | 5.80% | 11.53%-5.7pp | 62.19%-56.4pp | 169.23%-163.4pp |
| Employer contribution / active EE | $430 | $1,997-78.4% | $2,850-84.9% | $1,963-78.1% |
| Participant deferral / active EE | $1,179 | $2,509-53.0% | $3,517-66.5% | $3,054-61.4% |
| Admin fee / account holder | $19 | $416-95.3% | $4,510-99.6% | $504-96.1% |