Filed June 11, 2024 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $36,469 |
FORVIS, LLP1 year Filed as: FORVIS MAZARS Service code 49 · EIN 44-0160260 | Other Services | $26,513 |
Filed as: WEALTH ENHANCEMENT GROUP Service code 27 · EIN 41-2016508 | Advisory (Plan) | $5,000 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,029 | $122,128-72.1% | $147,117-76.9% | $200,096-83.0% |
| Participation rate | 79.2% | 78.2%+1.0pp | 82.2%-3.0pp | 72.0%+7.2pp |
| Annual return | 22.68% | 30.58%-7.9pp | 420.54%-397.9pp | 34.26%-11.6pp |
| Employer contribution / active EE | $1,781 | $4,093-56.5% | $4,932-63.9% | $3,038-41.4% |
| Participant deferral / active EE | $5,668 | $8,484-33.2% | $8,065-29.7% | $5,090+11.4% |
| Admin fee / account holder | $76 | $180-57.4% | $12,993-99.4% | $269-71.6% |