Filed November 9, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $392,549 |
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $113,487 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $50,544 | $106,553-52.6% | $129,406-60.9% | $106,553-52.6% |
| Participation rate | 27.9% | 69.8%-41.9pp | 69.6%-41.7pp | 69.8%-41.9pp |
| Annual return | 18.61% | 17.37%+1.2pp | 9468.18%-9449.6pp | 17.37%+1.2pp |
| Employer contribution / active EE | $515 | $3,359-84.7% | $4,155-87.6% | $3,359-84.7% |
| Participant deferral / active EE | $1,256 | $5,562-77.4% | $4,167-69.9% | $5,562-77.4% |
| Admin fee / account holder | $70 | $80-12.2% | $7,689-99.1% | $80-12.2% |