Filed September 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
EMPLOYEE FIDUCIARY, LLC7 years Service code 15 · EIN 61-1579239 250 STATE STREET · MOBILE, AL 36603 | Recordkeeping | $6,890 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,183 | $45,043-55.2% | $85,063-76.3% | $74,400-72.9% |
| Participation rate | 54.1% | 49.4%+4.8pp | 67.5%-13.4pp | 67.2%-13.1pp |
| Annual return | 14.90% | 26.26%-11.4pp | 66.54%-51.6pp | 1367.51%-1352.6pp |
| Employer contribution / active EE | $1,210 | $1,458-17.0% | $2,727-55.6% | $2,624-53.9% |
| Participant deferral / active EE | $1,463 | $2,733-46.5% | $4,523-67.6% | $4,348-66.3% |
| Admin fee / account holder | $43 | $2,210-98.1% | $6,155-99.3% | $1,944-97.8% |