Filed March 2, 2021
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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $30,385 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$25,322 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $112,643 | $144,996-22.3% | $111,297+1.2% | $93,030+21.1% |
| Participation rate | 47.4% | 86.2%-38.7pp | 77.3%-29.9pp | 73.9%-26.5pp |
| Annual return | 23.83% | 18.26%+5.6pp | 54.65%-30.8pp | 158.70%-134.9pp |
| Employer contribution / active EE | $0 | $3,056-100.0% | $2,731-100.0% | $2,706-100.0% |
| Participant deferral / active EE | $6,275 | $5,587+12.3% | $4,487+39.8% | $4,562+37.5% |
| Admin fee / account holder | $156 | $103+51.0% | $7,964-98.0% | $152+3.0% |