Filed July 6, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $341,605 |
Service code 37 · EIN 04-2647786 | Loan Processing | $224,373 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported that benefits due were not provided when due.
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 | $79,288 | $50,169+58.0% | $149,740-47.0% | $80,187-1.1% |
| Participation rate | 93.4% | 64.3%+29.1pp | 78.8%+14.6pp | 72.9%+20.5pp |
| Annual return | 16.59% | 29.82%-13.2pp | 134.51%-117.9pp | 40.40%-23.8pp |
| Employer contribution / active EE | $0 | $1,869-100.0% | $4,821-100.0% | $2,980-100.0% |
| Participant deferral / active EE | $7,866 | $3,194+146.3% | $5,683+38.4% | $5,016+56.8% |
| Admin fee / account holder | $125 | $153-18.0% | $13,222-99.1% | $145-13.7% |