Filed June 24, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $351,716 |
Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 27 · EIN 20-3247391 | Advisory (Plan) | $45,000 |
AUSTIN PRINT SOLUTIONS4 years Service code 36 · EIN 56-1730689 | Copying and duplicating; Participant ... | $16,125 |
DRUMMOND PRESS, INC1 year Service code 49 · EIN 59-0773377 | Other Services | $13,730 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $11,043 |
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.
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 | $12,195 | $27,322-55.4% | $74,719-83.7% | $82,204-85.2% |
| Participation rate | 33.6% | 31.7%+1.9pp | 54.5%-20.8pp | 73.4%-39.8pp |
| Annual return | 21.90% | 28.26%-6.4pp | 753.05%-731.2pp | 26.31%-4.4pp |
| Employer contribution / active EE | $246 | $324-24.0% | $1,084-77.3% | $2,707-90.9% |
| Participant deferral / active EE | $754 | $909-17.0% | $1,963-61.6% | $4,246-82.2% |
| Admin fee / account holder | $102 | $86+17.9% | $3,334-97.0% | $76+34.3% |