Filed August 27, 2018
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| Provider | Service type | Compensation |
|---|---|---|
MILLIMAN, INC.7 years Service code 15 · EIN 91-0675641 | Recordkeeping | $31,883 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,591 | $62,409-59.0% | $120,574-78.8% | $74,459-65.6% |
| Participation rate | 69.3% | 56.8%+12.6pp | 71.9%-2.6pp | 67.2%+2.1pp |
| Annual return | 10.58% | 18.62%-8.0pp | 107.42%-96.8pp | 1369.70%-1359.1pp |
| Employer contribution / active EE | $1,328 | $1,847-28.1% | $3,471-61.7% | $2,626-49.4% |
| Participant deferral / active EE | $2,567 | $2,888-11.1% | $4,996-48.6% | $4,350-41.0% |
| Admin fee / account holder | $146 | $2,394-93.9% | $9,445-98.5% | $1,945-92.5% |