Filed December 20, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $113,125 |
Service code 22 · EIN 52-2114207 | Insurance Broker | $29,673 |
Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849 | Advisory (Plan) | $7,099 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,776 | $77,788-24.4% | $119,126-50.7% | $64,728-9.2% |
| Participation rate | 58.7% | 69.4%-10.7pp | 75.8%-17.0pp | 57.9%+0.8pp |
| Annual return | 12.88% | 13.19%-0.3pp | 282.11%-269.2pp | 49.38%-36.5pp |
| Employer contribution / active EE | $1,504 | $4,031-62.7% | $4,034-62.7% | $2,243-33.0% |
| Participant deferral / active EE | $2,825 | $2,599+8.7% | $5,318-46.9% | $2,729+3.5% |
| Admin fee / account holder | $173 | $1,365-87.3% | $10,693-98.4% | $1,145-84.9% |