Filed April 22, 2021
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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS LLC Service code 55 · EIN 06-1377177 60 S 6TH ST · MINNEAPOLIS, MN 55402 | Other Commissions | $12,029 |
Service code 49 | Other Services | $2,306 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $50,985 | $50,666+0.6% | $76,657-33.5% | $65,185-21.8% |
| Participation rate | 37.6% | 68.8%-31.2pp | 72.1%-34.5pp | 70.2%-32.6pp |
| Annual return | 31.58% | 28.51%+3.1pp | 1166.74%-1135.2pp | 29.38%+2.2pp |
| Employer contribution / active EE | $1,175 | $1,575-25.4% | $2,303-49.0% | $2,177-46.0% |
| Participant deferral / active EE | $2,053 | $2,647-22.4% | $3,335-38.5% | $3,514-41.6% |
| Admin fee / account holder | $221 | $463-52.2% | $6,423-96.6% | $847-73.9% |