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 | $89,093-49.1% | $102,434-55.7% | $77,736-41.7% |
| Participation rate | 94.8% | 80.9%+13.8pp | 76.5%+18.3pp | 70.6%+24.2pp |
| Annual return | 17.88% | 25.03%-7.2pp | 29.46%-11.6pp | 31.26%-13.4pp |
| Employer contribution / active EE | $4,022 | $2,699+49.0% | $3,023+33.0% | $2,728+47.5% |
| Participant deferral / active EE | $8,773 | $5,147+70.5% | $5,055+73.6% | $4,651+88.7% |
| Admin fee / account holder | $164 | $236-30.3% | $9,462-98.3% | $433-62.0% |