Filed March 10, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HIGHTOWER ADVISORS LLC3+ years Filed as: HIGHTOWER ADVISORS, LLC Service code 27 14646 N. KIERLAND BLVD., SUITE 125 · SCOTTSDALE, AZ 85254 | Advisory (Plan) | $57,045 |
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $36,849 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,142 | $81,537-21.3% | $149,721-57.2% | $69,631-7.9% |
| Participation rate | 98.9% | 86.1%+12.8pp | 87.1%+11.9pp | 70.7%+28.2pp |
| Annual return | 18.24% | 22.79%-4.6pp | 1501.67%-1483.4pp | 27571.02%-27552.8pp |
| Employer contribution / active EE | $3,085 | $3,239-4.7% | $5,444-43.3% | $2,032+51.8% |
| Participant deferral / active EE | $4,102 | $4,994-17.9% | $6,568-37.5% | $3,224+27.2% |
| Admin fee / account holder | $183 | $107+70.9% | $11,282-98.4% | $110+65.4% |