Filed January 29, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIDELITY INVESTMENTS INS OP Service code 37 · EIN 04-2647786 | Loan Processing | $33,411 |
SAGEVIEW ADVISORY GROUP, LLC2 years Filed as: SAGEVIEW ADVISORY GROUP Service code 27 · EIN 33-0818667 | Advisory (Plan) | $22,000 |
NIXON PEABODY LLP2 years Service code 29 · EIN 16-0764720 | Legal | $20,714 |
MOSS ADAMS LLP1 year Service code 10 · EIN 91-0189318 | Accounting | $18,082 |
TIAA4+ years Service code 15 · EIN 13-1624203 | Recordkeeping | $1,268 |
Filed as: FIDELITY INV. INST. OPS. CO., INC. Service code 60 | Sub-TA Fees | $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.
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 | $91,957 | $87,173+5.5% | $59,899+53.5% | $75,289+22.1% |
| Participation rate | 24.4% | 74.5%-50.1pp | 74.7%-50.3pp | 72.4%-48.0pp |
| Annual return | -3.04% | -2.14%-0.9pp | 3.46%-6.5pp | -0.04%-3.0pp |
| Employer contribution / active EE | $1,260 | $3,473-63.7% | $2,723-53.7% | $2,405-47.6% |
| Participant deferral / active EE | $1,081 | $3,379-68.0% | $3,403-68.2% | $3,739-71.1% |
| Admin fee / account holder | $74 | $75-0.5% | $3,592-97.9% | $102-27.3% |