Filed October 11, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 02-0580939 | Advisory (Plan) | $17,890 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $12,471 |
Filed as: MEEDER ADVISORY SERVICES, INC. Service code 27 · EIN 31-1332744 | Advisory (Plan) | $3,774 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,987 | $58,101-60.4% | $118,946-80.7% | $73,412-68.7% |
| Participation rate | 35.1% | 56.1%-21.0pp | 75.4%-40.3pp | 72.2%-37.1pp |
| Annual return | 18.45% | 20.56%-2.1pp | 35.89%-17.4pp | 59.30%-40.8pp |
| Employer contribution / active EE | $759 | $1,445-47.5% | $3,263-76.7% | $2,234-66.0% |
| Participant deferral / active EE | $1,224 | $2,400-49.0% | $4,266-71.3% | $3,806-67.8% |
| Admin fee / account holder | $152 | $138+9.8% | $6,581-97.7% | $158-3.9% |