Filed March 31, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $875,785 |
Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 16 · EIN 36-4291971 | Consulting | $159,686 |
FORVIS, LLP1 year Filed as: MAZARS Service code 10 · EIN 04-3027605 | Accounting | $124,125 |
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 16 · EIN 59-3099288 | Consulting | $28,423 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $68,058 | $106,994-36.4% | $135,998-50.0% | $96,393-29.4% |
| Participation rate | 49.5% | 72.5%-23.0pp | 81.9%-32.4pp | 71.3%-21.8pp |
| Annual return | 38.28% | 26.64%+11.6pp | 68.37%-30.1pp | 22.88%+15.4pp |
| Employer contribution / active EE | $725 | $3,391-78.6% | $4,860-85.1% | $3,239-77.6% |
| Participant deferral / active EE | $3,677 | $7,968-53.9% | $7,761-52.6% | $5,455-32.6% |
| Admin fee / account holder | $99 | $79+25.2% | $10,769-99.1% | $74+34.0% |