Filed August 2, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $60,884 |
SAGEPOINT FINANCIAL INC1 year Filed as: CLOSED DLR-SAGEPOINT FINANCIAL INC Service code 27 · EIN 20-1741754 | Advisory (Plan) | $23,065 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,329 | $88,982-49.1% | $102,438-55.7% | $77,671-41.6% |
| Participation rate | 94.8% | 80.9%+13.9pp | 76.5%+18.3pp | 70.6%+24.2pp |
| Annual return | 17.88% | 25.01%-7.1pp | 29.37%-11.5pp | 31.21%-13.3pp |
| Employer contribution / active EE | $4,022 | $2,698+49.1% | $3,024+33.0% | $2,726+47.5% |
| Participant deferral / active EE | $8,773 | $5,144+70.6% | $5,054+73.6% | $4,648+88.8% |
| Admin fee / account holder | $164 | $236-30.2% | $9,448-98.3% | $430-61.8% |