Filed December 1, 2022 (most recent of 5 filings on file)
Total covered: 36 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $43,963 |
Filed as: SOLTIS INVESTMENT ADVISORS INC Service code 27 · EIN 27-3188744 | Advisory (Plan) | $34,859 |
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $31,496 |
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.
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).
Form 5500 reported that benefits due were not provided when due.
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 | $10,469 | $57,605-81.8% | $67,313-84.4% | $68,904-84.8% |
| Participation rate | 38.3% | 67.4%-29.1pp | 69.1%-30.8pp | 74.1%-35.8pp |
| Annual return | -4.33% | -3.81%-0.5pp | -4.08%-0.2pp | 1.07%-5.4pp |
| Employer contribution / active EE | $142 | $2,219-93.6% | $2,566-94.5% | $2,540-94.4% |
| Participant deferral / active EE | $1,177 | $3,063-61.6% | $3,568-67.0% | $4,015-70.7% |
| Admin fee / account holder | $22 | $77-71.8% | $4,507-99.5% | $71-69.4% |