Filed October 11, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MEEDER ADVISORY SERVICES, INC. Service code 26 · EIN 31-1332744 | Advisory (Participants) | $18,147 |
Filed as: NORTH AMERICAN KTRADE ALLIANCE LLC Service code 10 · EIN 32-0169227 | Accounting | $12,145 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $16,367 | $107,440-84.8% | $105,738-84.5% | $55,725-70.6% |
| Participation rate | 40.8% | 55.5%-14.7pp | 76.3%-35.6pp | 70.9%-30.1pp |
| Annual return | -5.96% | -0.59%-5.4pp | 6.27%-12.2pp | 244.93%-250.9pp |
| Employer contribution / active EE | $687 | $1,448-52.5% | $3,268-79.0% | $2,078-66.9% |
| Participant deferral / active EE | $1,073 | $2,171-50.6% | $4,080-73.7% | $3,356-68.0% |
| Admin fee / account holder | $183 | $283-35.5% | $6,913-97.4% | $115+58.8% |