Filed June 11, 2024 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Shareholder servicing fees; Participa... | $116,810 |
FORVIS, LLP2 years Filed as: FORVIS LLP Service code 10 · EIN 44-0160260 | Accounting | $50,400 |
PLANNING CORP OF AMERICA7 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 SERVICES9+ years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
Filed as: TRANSAMERICA RETIRMENT SOLUTIONS Service code 12 | Claims processing; Recordkeeping and ... | $0 |
Filed as: TRANSMERICA RETIREMENT SOLUTIONS Service code 12 | Recordkeeping and information managem... | $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 | $29,970 | $107,415-72.1% | $135,998-78.0% | $80,187-62.6% |
| Participation rate | 95.9% | 78.0%+17.9pp | 81.9%+14.0pp | 72.9%+23.0pp |
| Annual return | 25.93% | 91.99%-66.1pp | 68.37%-42.4pp | 40.40%-14.5pp |
| Employer contribution / active EE | $2,304 | $3,878-40.6% | $4,860-52.6% | $2,980-22.7% |
| Participant deferral / active EE | $7,322 | $8,189-10.6% | $7,761-5.6% | $5,016+46.0% |
| Admin fee / account holder | $58 | $127-54.2% | $10,769-99.5% | $145-59.8% |