Filed August 4, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $30,511 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $197 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,940 | $56,511+43.2% | $185,837-56.4% | $86,813-6.8% |
| Participation rate | 93.3% | 65.5%+27.8pp | 81.7%+11.6pp | 72.3%+21.0pp |
| Annual return | 15.47% | 118.12%-102.6pp | 122.08%-106.6pp | 97.93%-82.5pp |
| Employer contribution / active EE | $2,892 | $1,844+56.9% | $5,168-44.0% | $2,406+20.2% |
| Participant deferral / active EE | $5,249 | $2,554+105.5% | $5,568-5.7% | $4,131+27.1% |
| Admin fee / account holder | $120 | $150-19.8% | $16,241-99.3% | $170-29.3% |