Filed June 11, 2024 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Recordkeeping fees; Shareholder servi... | $94,097 |
PLANNING CORP OF AMERICA2 years Filed as: PLANNING SOLUTIONS GROUP Service code 16 · EIN 92-0042738 | Consulting | $30,000 |
BKD, LLP3 years Filed as: DIXON HUGHES GOODMAN Service code 10 · EIN 56-0747981 | Accounting | $20,500 |
MID ATLANTIC CAPITAL CORPORATION4+ years Service code 33 · EIN 25-1409618 | Securities brokerage; Securities brok... | $0 |
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567 | Securities brokerage commissions and ... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,629 | $88,874-71.2% | $123,553-79.3% | $75,289-66.0% |
| Participation rate | 58.1% | 75.9%-17.8pp | 82.3%-24.2pp | 72.4%-14.4pp |
| Annual return | -2.27% | 4.22%-6.5pp | 119.21%-121.5pp | -0.04%-2.2pp |
| Employer contribution / active EE | $1,300 | $3,256-60.1% | $4,628-71.9% | $2,405-45.9% |
| Participant deferral / active EE | $3,254 | $6,174-47.3% | $6,426-49.4% | $3,739-13.0% |
| Admin fee / account holder | $154 | $95+63.2% | $9,284-98.3% | $102+50.9% |