Filed May 9, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 | Advisory (Participants) | $28,343 |
Service code 12 · EIN 13-3689044 | Participant communication; Shareholde... | $23,103 |
Filed as: MUTUAL OF AMERICA Service code 12 · EIN 95-1644018 | Recordkeeping and information managem... | $3,530 |
NATIONAL FINANCIAL SERVICES2 years Service code 33 · EIN 04-3523567 | Securities brokerage commissions and ... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $19,927 | $33,780-41.0% | $74,551-73.3% | $75,289-73.5% |
| Participation rate | 45.3% | 62.7%-17.4pp | 69.1%-23.8pp | 72.4%-27.1pp |
| Annual return | -5.32% | -1.24%-4.1pp | 32.53%-37.9pp | -0.04%-5.3pp |
| Employer contribution / active EE | $285 | $845-66.2% | $1,961-85.5% | $2,405-88.1% |
| Participant deferral / active EE | $672 | $1,890-64.5% | $3,108-78.4% | $3,739-82.0% |
| Admin fee / account holder | $108 | $86+25.1% | $5,059-97.9% | $102+5.6% |