Filed December 19, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1+ years Service code 26 · EIN 36-3297908 | Advisory (Participants) | $126 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $126 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,941 | $41,317-88.0% | $85,969-94.3% | $55,191-91.0% |
| Participation rate | 57.7% | 54.5%+3.3pp | 76.5%-18.8pp | 69.2%-11.4pp |
| Annual return | 17.25% | 3.93%+13.3pp | 9.32%+7.9pp | 10.78%+6.5pp |
| Employer contribution / active EE | $144 | $1,198-88.0% | $3,474-95.9% | $1,899-92.4% |
| Participant deferral / active EE | $860 | $1,914-55.1% | $3,829-77.5% | $3,046-71.8% |
| Admin fee / account holder | $7 | $97-92.5% | $6,053-99.9% | $91-92.0% |