Filed March 11, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $199,737 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $75,573 |
WATERMARK RETIREMENT COM1 year Service code 27 · EIN 86-0587483 | Advisory (Plan) | $7,407 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,917 | $56,095-78.8% | $178,503-93.3% | $90,274-86.8% |
| Participation rate | 70.3% | 65.6%+4.8pp | 81.9%-11.6pp | 73.4%-3.0pp |
| Annual return | 18.42% | 28.81%-10.4pp | 151.12%-132.7pp | 53.97%-35.6pp |
| Employer contribution / active EE | $541 | $1,572-65.6% | $5,011-89.2% | $2,523-78.6% |
| Participant deferral / active EE | $1,471 | $2,669-44.9% | $5,202-71.7% | $4,231-65.2% |
| Admin fee / account holder | $88 | $101-12.6% | $13,987-99.4% | $114-22.8% |