Filed March 10, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $337,547 |
Filed as: INSTITUTIONAL INVESTMENT CONSULTIN Service code 16 · EIN 81-0635433 | Consulting | $71,000 |
MOSS ADAMS LLP1 year Service code 10 · EIN 91-0189318 | Accounting | $22,575 |
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $17,276 |
GROOM LAW GROUP2 years Filed as: GROOM LAW GROUP CHARTERED Service code 29 · EIN 52-1219029 | Legal | $7,644 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,365 | $68,110-77.4% | $155,534-90.1% | $99,314-84.5% |
| Participation rate | 64.1% | 67.8%-3.7pp | 78.2%-14.1pp | 71.7%-7.6pp |
| Annual return | 26.78% | 16.16%+10.6pp | 64.92%-38.1pp | 17.67%+9.1pp |
| Employer contribution / active EE | $185 | $2,291-91.9% | $4,675-96.0% | $3,264-94.3% |
| Participant deferral / active EE | $2,264 | $3,865-41.4% | $5,630-59.8% | $5,346-57.6% |
| Admin fee / account holder | $93 | $94-0.9% | $15,900-99.4% | $109-14.6% |