Filed October 12, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC2+ years Filed as: NFP ADVISOR SERVICES, LLC Service code 27 · EIN 74-2794194 | Advisory (Plan) | $45,580 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $19,847 |
MONTEREY WEALTH1 year Filed as: MONTEREY MUSHROOMS, INC. Service code 10 · EIN 77-0185497 | Accounting | $18,450 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 16 · EIN 35-2552359 | Consulting | $15,000 |
Filed as: SILICON VALLEY ACCOUNTANY Service code 10 · EIN 77-0573994 | Accounting | $14,766 |
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.
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 | $20,546 | $32,530-36.8% | $106,619-80.7% | $63,975-67.9% |
| Participation rate | 58.6% | 55.7%+2.9pp | 78.0%-19.4pp | 71.1%-12.5pp |
| Annual return | 7.73% | 8.92%-1.2pp | 9.42%-1.7pp | 48.65%-40.9pp |
| Employer contribution / active EE | $73 | $724-89.9% | $3,947-98.2% | $2,182-96.7% |
| Participant deferral / active EE | $798 | $1,383-42.3% | $3,930-79.7% | $3,356-76.2% |
| Admin fee / account holder | $19 | $61-69.1% | $6,418-99.7% | $70-73.2% |