Filed October 1, 2020
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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 | $164,326 | $62,324+163.7% | $68,509+139.9% | $55,191+197.7% |
| Participation rate | 98.6% | 78.9%+19.7pp | 74.7%+23.9pp | 69.2%+29.4pp |
| Annual return | 1.22% | 4.26%-3.0pp | 8.27%-7.1pp | 10.78%-9.6pp |
| Employer contribution / active EE | $13,987 | $2,223+529.3% | $2,278+514.1% | $1,899+636.7% |
| Participant deferral / active EE | $10,269 | $3,425+199.8% | $3,382+203.6% | $3,046+237.1% |
| Admin fee / account holder | $2 | $91-98.2% | $5,275-100.0% | $91-98.2% |