Filed June 24, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $228,720 |
AUSTIN PRINT SOLUTIONS2 years Service code 16 · EIN 56-1730689 | Consulting | $75,716 |
Service code 27 · EIN 35-2552359 | Advisory (Plan) | $22,500 |
Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 27 · EIN 20-3247391 | Advisory (Plan) | $22,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,240 | $27,687-66.6% | $73,550-87.4% | $177,276-94.8% |
| Participation rate | 39.7% | 34.9%+4.8pp | 54.9%-15.3pp | 74.8%-35.2pp |
| Annual return | 17.85% | 16.77%+1.1pp | -15.16%+33.0pp | 21.25%-3.4pp |
| Employer contribution / active EE | $199 | $291-31.5% | $1,219-83.7% | $2,479-92.0% |
| Participant deferral / active EE | $630 | $778-19.1% | $1,804-65.1% | $3,881-83.8% |
| Admin fee / account holder | $72 | $59+21.6% | $2,320-96.9% | $154-53.1% |