Filed November 12, 2021 (most recent of 2 filings on file)
Total covered: 8 employees
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| Provider | Service type | Compensation |
|---|---|---|
WILMINGTON TRUST1 year Filed as: WILMINGTON TRUST N.A. AS SECURITIES Service code 27 · EIN 16-1486454 | Advisory (Plan) | $44,453 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $33,896 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $189,025 | $88,634+113.3% | $101,326+86.6% | $74,304+154.4% |
| Participation rate | 91.1% | 76.9%+14.2pp | 81.5%+9.6pp | 60.3%+30.7pp |
| Annual return | 15.25% | 33.10%-17.8pp | 36.82%-21.6pp | 29.43%-14.2pp |
| Employer contribution / active EE | $6,226 | $2,930+112.5% | $3,665+69.9% | $2,241+177.8% |
| Participant deferral / active EE | $16,673 | $7,322+127.7% | $7,994+108.6% | $3,767+342.6% |
| Admin fee / account holder | $572 | $2,425-76.4% | $11,185-94.9% | $2,969-80.7% |