Filed June 11, 2024 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Finders' fees / placement fees; Sales... | $124,621 |
FORVIS, LLP1 year Filed as: FORVIS LLP Service code 10 · EIN 44-1060260 | Accounting | $23,625 |
PLANNING CORP OF AMERICA6 years Filed as: PLANNING SOLUTIONS GROUP Service code 16 · EIN 92-0042738 | Consulting | $20,000 |
Service code 33 | Securities brokerage commissions and ... | $0 |
NATIONAL FINANCIAL SERVICES8+ years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
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 | $24,680 | $95,388-74.1% | $125,401-80.3% | $77,906-68.3% |
| Participation rate | 95.7% | 78.6%+17.1pp | 82.4%+13.3pp | 73.7%+22.0pp |
| Annual return | -13.30% | 116.19%-129.5pp | 572.53%-585.8pp | 12.16%-25.5pp |
| Employer contribution / active EE | $1,949 | $3,666-46.9% | $4,816-59.5% | $2,846-31.5% |
| Participant deferral / active EE | $6,311 | $7,711-18.2% | $7,448-15.3% | $4,805+31.3% |
| Admin fee / account holder | $62 | $119-47.6% | $10,008-99.4% | $133-53.0% |