Filed June 24, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $340,693 |
Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 27 · EIN 20-3247391 | Advisory (Plan) | $45,000 |
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $18,313 |
AUSTIN PRINT SOLUTIONS7 years Service code 49 · EIN 56-1730689 | Other Services | $12,251 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $20,546 | $27,839-26.2% | $61,399-66.5% | $78,044-73.7% |
| Participation rate | 25.8% | 29.8%-4.0pp | 52.6%-26.7pp | 74.4%-48.6pp |
| Annual return | -16.89% | -13.45%-3.4pp | 338.81%-355.7pp | 10.87%-27.8pp |
| Employer contribution / active EE | $244 | $367-33.5% | $1,159-79.0% | $3,125-92.2% |
| Participant deferral / active EE | $774 | $968-20.0% | $2,124-63.5% | $5,084-84.8% |
| Admin fee / account holder | $148 | $113+30.9% | $2,131-93.0% | $79+87.9% |