Filed May 29, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 25 · EIN 04-2647786 | Directed Trustee | $76,707 |
SAGEVIEW ADVISORY GROUP, LLC1+ years Filed as: MJM401K Service code 16 · EIN 86-0882983 | Consulting | $37,600 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $17,934 | $31,810-43.6% | $64,105-72.0% | $59,188-69.7% |
| Participation rate | 37.9% | 57.7%-19.8pp | 68.2%-30.2pp | 69.4%-31.5pp |
| Annual return | 0.41% | 9.41%-9.0pp | 791.24%-790.8pp | 5.51%-5.1pp |
| Employer contribution / active EE | $352 | $659-46.7% | $1,820-80.7% | $2,098-83.2% |
| Participant deferral / active EE | $1,226 | $1,582-22.5% | $2,822-56.5% | $3,265-62.4% |
| Admin fee / account holder | $53 | $57-6.8% | $4,499-98.8% | $92-42.5% |