Filed April 7, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $288,964 |
EIDE BAILLY LLP1 year Service code 10 · EIN 45-0250958 | Accounting | $29,400 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $20,895 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,124 | $41,040-33.9% | $85,187-68.2% | $99,314-72.7% |
| Participation rate | 23.7% | 34.4%-10.7pp | 67.5%-43.8pp | 71.7%-48.0pp |
| Annual return | 18.49% | 17.44%+1.0pp | 66.67%-48.2pp | 17.67%+0.8pp |
| Employer contribution / active EE | $448 | $1,106-59.5% | $2,732-83.6% | $3,264-86.3% |
| Participant deferral / active EE | $1,575 | $2,193-28.2% | $4,525-65.2% | $5,346-70.5% |
| Admin fee / account holder | $125 | $177-29.5% | $6,162-98.0% | $109+14.4% |