Filed March 17, 2022 (most recent of 7 filings on file)
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | STATE STREET BANK AND TRUST COMPANY | FORMER TRUSTEE PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO THE FORMER TRUSTEE | — | — |
| Part 3 Non-exempt transaction | DIMENSIONAL FUND ADVISORS | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER | — | — |
| Part 3 Non-exempt transaction | J.P. MORGAN | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY RECEIVED BY A THIRD-PARTY PROVIDER | — | — |
| Part 3 Non-exempt transaction | J.P. MORGAN | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY USED TO MAKE AN OVERPAYMENT TO A THIRD-PARTY PROVIDER | — | — |
| Part 3 Non-exempt transaction | J.P. MORGAN | SERVICE PROVIDER PLAN ASSETS WERE INADVERTENTLY RECEIVED BY A THIRD-PARTY PROVIDER | — | — |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $303,270 | $136,209+122.7% | $82,312+268.4% | $80,976+274.5% |
| Participation rate | 100.0% | 88.0%+12.0pp | 76.9%+23.1pp | 68.3%+31.7pp |
| Annual return | 21.23% | 21.54%-0.3pp | 25.88%-4.6pp | 22.91%-1.7pp |
| Employer contribution / active EE | $11,871 | $3,633+226.8% | $2,428+388.8% | $2,402+394.1% |
| Participant deferral / active EE | $12,318 | $6,693+84.0% | $3,706+232.4% | $3,848+220.1% |
| Admin fee / account holder | $0 | $62-100.0% | $5,608-100.0% | $67-100.0% |