| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIDELITY INVTS INST'L OPS CO., INC. Service code 15 · EIN 04-2647786 | Recordkeeping | $3,018,298 |
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $354,614 |
WILLIS TOWERS WATSON US LLC1+ years Filed as: TOWERS WATSON Service code 16 · EIN 23-1159360 | Consulting | $206,720 |
ERNST & YOUNG LLP1+ years Filed as: ERNST & YOUNG Service code 10 · EIN 34-6565596 | Accounting | $100,000 |
MERCER1+ years Filed as: MERCER HR SERVICES, LLC Service code 16 · EIN 20-1932099 | Consulting | $18,558 |
FINDLEY1+ years Filed as: FINDLEY DAVIES, INC. Service code 38 · EIN 34-1213174 | Participant Communication | $13,015 |
GRANT THORNTON LLP1+ years Service code 10 · EIN 36-6055558 | Accounting | $8,988 |
Service code 60 | Sub-TA Fees | $350 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | GLITNIR BANK | — | — | — |
| Part 1 Loan in default | GLITNIR BANK | — | — | — |
| Part 1 Loan in default | KAUPTHING BANK | — | — | — |
| Part 1 Loan in default | KAUPTHING BANK | — | — | — |
| Part 1 Loan in default | LANDSBANKINN | — | — | — |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,314 | $85,590-29.5% | $73,309-17.7% | $69,651-13.4% |
| Participation rate | 59.4% | 78.5%-19.0pp | 74.9%-15.5pp | 66.6%-7.1pp |
| Annual return | 0.64% | 29.41%-28.8pp | 5.67%-5.0pp | 53.77%-53.1pp |
| Employer contribution / active EE | $1,695 | $2,537-33.2% | $3,237-47.6% | $2,241-24.4% |
| Participant deferral / active EE | $3,054 | $5,237-41.7% | $4,991-38.8% | $3,635-16.0% |
| Admin fee / account holder | $90 | $72+24.9% | $5,635-98.4% | $63+42.2% |