Filed March 20, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PENSION STRATEGIES, LLC2 years Filed as: PENSION STRATEGIES,LLC Service code 15 · EIN 20-0333992 | Recordkeeping | $7,362 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $7,150 |
PENSION STRATEGIES, LLC1 year Filed as: PENSION STRATEGIES, INC. Service code 15 · EIN 20-5397720 | Recordkeeping | $4,508 |
BEACHFLEISCHMAN PC1 year Filed as: BEACH LEISCHMAN, PC Service code 10 · EIN 86-0683059 | Accounting | $1,581 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,098 | $58,726-72.6% | $92,233-82.5% | $62,292-74.2% |
| Participation rate | 86.5% | 68.3%+18.1pp | 76.5%+10.0pp | 69.5%+17.0pp |
| Annual return | 18.81% | 43.62%-24.8pp | 176.28%-157.5pp | 28.90%-10.1pp |
| Employer contribution / active EE | $2,252 | $2,392-5.8% | $3,679-38.8% | $2,042+10.3% |
| Participant deferral / active EE | $2,355 | $2,766-14.8% | $3,897-39.6% | $3,169-25.7% |
| Admin fee / account holder | $87 | $556-84.4% | $5,194-98.3% | $479-81.9% |