Filed April 29, 2020 (most recent of 7 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MRA ASSOCIATES Service code 27 · EIN 27-1529830 | Advisory (Plan) | $6,643 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,532 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $39,190 | $57,921-32.3% | $84,753-53.8% | $57,658-32.0% |
| Participation rate | 38.5% | 72.9%-34.4pp | 76.6%-38.1pp | 70.2%-31.7pp |
| Annual return | 7.18% | 10.24%-3.1pp | 22.78%-15.6pp | 5.13%+2.1pp |
| Employer contribution / active EE | $0 | $2,598-100.0% | $3,574-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $2,013 | $2,742-26.6% | $3,712-45.8% | $3,061-34.2% |
| Admin fee / account holder | $53 | $130-59.1% | $5,333-99.0% | $95-43.8% |