Filed October 4, 2024 (most recent of 3 filings on file)
Total covered: 9 employees
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| 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).
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 | $137,540 | $54,763+151.2% | $90,324+52.3% | $72,976+88.5% |
| Participation rate | 98.3% | 65.2%+33.1pp | 73.3%+25.0pp | 69.5%+28.8pp |
| Annual return | 22.72% | 30.63%-7.9pp | 78.15%-55.4pp | 81.02%-58.3pp |
| Employer contribution / active EE | $12,739 | $2,093+508.6% | $2,856+346.1% | $2,440+422.1% |
| Participant deferral / active EE | $29,999 | $2,887+939.0% | $3,885+672.1% | $3,608+731.5% |
| Admin fee / account holder | $481 | $3,973-87.9% | $5,356-91.0% | $5,124-90.6% |