| Provider | Service type | Compensation |
|---|---|---|
MILLIMAN, INC.7+ years Service code 15 · EIN 91-0675641 | Recordkeeping | $849,314 |
Filed as: INVESTMENT MANAGEMENT CONSULTANTS Service code 28 · EIN 88-0444272 | Investment Management | $150,000 |
MMA SECURITIES LLC6 years Filed as: MARSH & MCLENNAN AGENCY, LLC Service code 23 · EIN 36-1436000 | Insurance services; Direct payment fr... | $26,569 |
CULINARY BARTENDERS UNION4 years Service code 31 · EIN 88-0028065 | Direct payment from the plan; Named f... | $5,495 |
CHARLES SCHWAB & CO., INC.7+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,773 | $51,728-21.2% | $80,793-49.5% | $106,520-61.7% |
| Participation rate | 4.8% | 33.9%-29.1pp | 54.2%-49.3pp | 71.3%-66.5pp |
| Annual return | 16.22% | 32.29%-16.1pp | 87.33%-71.1pp | 19.28%-3.1pp |
| Employer contribution / active EE | $0 | $460-100.0% | $1,160-100.0% | $2,840-100.0% |
| Participant deferral / active EE | $128 | $1,076-88.1% | $2,144-94.0% | $4,948-97.4% |
| Admin fee / account holder | $116 | $80+44.9% | $3,375-96.6% | $75+56.2% |