Filed May 9, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Direct payment from the plan; Recordk... | $37,276 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 | Advisory (Participants) | $25,770 |
Filed as: MUTUAL OF AMERICA Service code 12 · EIN 95-1644018 | Claims processing; Recordkeeping and ... | $2,754 |
NATIONAL FINANCIAL SERVICES3 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.
Annual investment return 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 | $28,082 | $40,113-30.0% | $84,023-66.6% | $77,775-63.9% |
| Participation rate | 0.0% | 62.8%-62.8pp | 69.0%-69.0pp | 73.2%-73.2pp |
| Annual return | 18.79% | 23.27%-4.5pp | 71.32%-52.5pp | 32.58%-13.8pp |
| Employer contribution / active EE | $350 | $847-58.6% | $1,984-82.3% | $2,504-86.0% |
| Participant deferral / active EE | $802 | $2,030-60.5% | $3,239-75.2% | $3,966-79.8% |
| Admin fee / account holder | $75 | $92-17.9% | $6,102-98.8% | $100-24.9% |