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 | $92,224-36.3% | $105,223-44.1% | $79,634-26.2% |
| Participation rate | 58.7% | 69.2%-10.4pp | 75.0%-16.3pp | 62.5%-3.8pp |
| Annual return | 12.88% | 88.65%-75.8pp | 180.65%-167.8pp | 36.46%-23.6pp |
| Employer contribution / active EE | $1,504 | $3,965-62.1% | $3,689-59.2% | $2,529-40.5% |
| Participant deferral / active EE | $2,825 | $3,834-26.3% | $5,072-44.3% | $3,835-26.3% |
| Admin fee / account holder | $173 | $1,121-84.5% | $8,859-98.0% | $1,002-82.7% |