Filed May 29, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 25 · EIN 04-2647786 | Directed Trustee | $173,446 |
SAGEVIEW ADVISORY GROUP, LLC2+ years Filed as: MJM401K Service code 16 · EIN 86-0882983 | Consulting | $44,000 |
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 | $19,799 | $31,036-36.2% | $71,796-72.4% | $65,292-69.7% |
| Participation rate | 37.4% | 56.1%-18.7pp | 69.1%-31.8pp | 72.4%-35.1pp |
| Annual return | 11.86% | 8.62%+3.2pp | 78.04%-66.2pp | 11.84%0pp |
| Employer contribution / active EE | $447 | $662-32.5% | $1,924-76.8% | $2,302-80.6% |
| Participant deferral / active EE | $1,500 | $1,336+12.3% | $2,794-46.3% | $3,579-58.1% |
| Admin fee / account holder | $85 | $65+31.7% | $4,815-98.2% | $57+49.0% |