Filed October 4, 2024 (most recent of 3 filings on file)
Total covered: 9 employees
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL BANKING OPER Service code 26 · EIN 26-4310632 | Advisory (Participants) | $47,837 |
Service code 37 · EIN 04-2647786 | Loan Processing | $25,348 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $137,540 | $54,762+151.2% | $90,281+52.3% | $72,985+88.5% |
| Participation rate | 98.3% | 65.1%+33.2pp | 73.3%+25.0pp | 69.5%+28.8pp |
| Annual return | 22.72% | 30.63%-7.9pp | 78.10%-55.4pp | 81.00%-58.3pp |
| Employer contribution / active EE | $12,739 | $2,092+508.8% | $2,854+346.3% | $2,440+422.1% |
| Participant deferral / active EE | $29,999 | $2,887+939.1% | $3,885+672.1% | $3,607+731.6% |
| Admin fee / account holder | $481 | $3,972-87.9% | $5,351-91.0% | $5,124-90.6% |