Filed July 25, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $117,514 |
Filed as: SMITH GAMBRELL & RUSSELL LLP Service code 29 PO BOX 930930 · ATLANTA, GA 311930930 | Legal | $28,680 |
IRA GROUP1 year Filed as: IRA GROUP, INC Service code 99 · EIN 11-1000111 | Other Fees | $20,000 |
Filed as: CBIZ INVESTMENT ADVISORY SERVICES, Service code 99 · EIN 81-3968784 | Other Fees | $17,500 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $43,497 | $107,415-59.5% | $135,942-68.0% | $80,149-45.7% |
| Participation rate | 19.3% | 78.0%-58.7pp | 81.9%-62.6pp | 72.9%-53.6pp |
| Annual return | 18.20% | 91.99%-73.8pp | 68.28%-50.1pp | 40.39%-22.2pp |
| Employer contribution / active EE | $15 | $3,878-99.6% | $4,858-99.7% | $2,977-99.5% |
| Participant deferral / active EE | $1,734 | $8,189-78.8% | $7,759-77.7% | $5,015-65.4% |
| Admin fee / account holder | $86 | $127-32.4% | $10,764-99.2% | $145-40.8% |