Filed August 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRIME RETIREMENT SOLUTIONS, LLC Service code 99 · EIN 88-3303109 | Other Fees | $22,917 |
Service code 99 · EIN 88-3303109 | Other Fees | $18,708 |
Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708 | Advisory (Participants) | $607 |
Filed as: PRIME PENSIONS, INC. Service code 49 25B VREELAND RD STE 209 · FLORHAM PARK, NJ 07932 | Other Services | $0 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 55 542 MAIN ST · WORCESTER, MA 01608 | Other Commissions | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,799 | $47,180-30.5% | $149,723-78.1% | $74,473-56.0% |
| Participation rate | 99.4% | 63.4%+36.0pp | 78.8%+20.6pp | 70.7%+28.7pp |
| Annual return | 18.67% | 22.75%-4.1pp | 134.50%-115.8pp | 34.36%-15.7pp |
| Employer contribution / active EE | $5,755 | $1,907+201.8% | $4,821+19.4% | $2,638+118.1% |
| Participant deferral / active EE | $4,346 | $2,730+59.2% | $5,682-23.5% | $4,530-4.1% |
| Admin fee / account holder | $184 | $343-46.4% | $13,215-98.6% | $347-47.0% |