Filed September 10, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 04-2675571 | Advisory (Plan) | $40,628 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$23,568 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $90,116 | $71,516+26.0% | $98,439-8.5% | $71,457+26.1% |
| Participation rate | 89.7% | 72.7%+17.0pp | 75.2%+14.5pp | 67.9%+21.8pp |
| Annual return | 34.70% | 32.41%+2.3pp | 21.16%+13.5pp | 28.85%+5.9pp |
| Employer contribution / active EE | $11,656 | $2,399+385.9% | $3,048+282.4% | $2,588+350.4% |
| Participant deferral / active EE | $14,735 | $4,109+258.6% | $4,738+211.0% | $4,289+243.6% |
| Admin fee / account holder | $50 | $1,675-97.0% | $8,948-99.4% | $1,587-96.8% |