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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $86,882-32.3% | $150,734-61.0% | $69,255-15.1% |
| Participation rate | 58.7% | 84.3%-25.5pp | 78.4%-19.7pp | 69.0%-10.3pp |
| Annual return | 12.88% | 10.69%+2.2pp | 600.81%-587.9pp | 26.73%-13.9pp |
| Employer contribution / active EE | $1,504 | $5,194-71.0% | $4,918-69.4% | $2,645-43.2% |
| Participant deferral / active EE | $2,825 | $2,993-5.6% | $5,610-49.6% | $2,890-2.3% |
| Admin fee / account holder | $173 | $630-72.5% | $14,905-98.8% | $733-76.4% |