| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $6,824,567 |
Filed as: MESIROW FINANCIAL HOLDINGS, INC Service code 28 · EIN 36-3429599 353 NORTH CLARK STREET · CHICAGO, IL 60654 | Investment Management | $276,849 |
EXCEL WEALTH MANAGEMENT, LLC2 years Service code 26 · EIN 81-2780637 935 MAIN ST. · MANCHESTER, CT 06040 | Advisory (Participants) | $247,750 |
MID ATLANTIC CAPITAL CORPORATION3+ years Filed as: MID-ATLANTIC TRUST COMPANY Service code 25 · EIN 27-3169253 330 SOUTH POPLAR AVENUE · PIERRE, SD 57501 | Directed Trustee | $246,000 |
401K GENERATION2 years Filed as: 401K GENERATION INC. Service code 26 · EIN 26-4477125 237 S WESTMONTE DR. · ALTAMONTE SPRINGS, FL 32714 | Advisory (Participants) | $168,294 |
CAPE INVESTMENT ADVISORY INC3+ years Service code 26 · EIN 26-1775149 1600 PENNSYLVANIA AVE · MCDONOUGH, GA 30253 | Advisory (Participants) | $159,720 |
LPL FINANCIAL2 years Service code 26 · EIN 04-3046611 PO BOX 502533 · SAN DIEGO, CA 92150 | Advisory (Participants) | $43,062 |
ROVIN CAPITAL1 year Service code 26 PO BOX 31840 · MESA, AZ 85275 | Advisory (Participants) | $29,529 |
SONOMA WEALTH ADVISORS2 years Service code 26 · EIN 93-3957830 539 BROADWAY · SONOMA, CA 95476 | Advisory (Participants) | $22,880 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 26 TPOT-MAC H0006-08R · ST. LOUIS, MO 63103 | Advisory (Participants) | $16,010 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $5,252 | $135,240-96.1% | $170,055-96.9% | $96,393-94.6% |
| Participation rate | 34.0% | 86.5%-52.5pp | 87.0%-53.0pp | 71.3%-37.3pp |
| Annual return | 38.97% | 22.04%+16.9pp | 53.43%-14.5pp | 22.88%+16.1pp |
| Employer contribution / active EE | $240 | $5,029-95.2% | $6,790-96.5% | $3,239-92.6% |
| Participant deferral / active EE | $852 | $8,138-89.5% | $10,410-91.8% | $5,455-84.4% |
| Admin fee / account holder | $45 | $85-47.2% | $12,828-99.7% | $74-39.3% |