Filed October 3, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $400 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,245 | $44,873-50.4% | $79,467-72.0% | $56,289-60.5% |
| Participation rate | 35.9% | 68.7%-32.9pp | 73.3%-37.5pp | 69.9%-34.0pp |
| Annual return | -5.01% | 0.81%-5.8pp | 718.30%-723.3pp | -9.96%+4.9pp |
| Employer contribution / active EE | $409 | $2,140-80.9% | $2,800-85.4% | $2,111-80.6% |
| Participant deferral / active EE | $997 | $2,746-63.7% | $3,704-73.1% | $3,350-70.2% |
| Admin fee / account holder | $3 | $418-99.3% | $5,104-99.9% | $521-99.4% |