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| Provider | Service type | Compensation |
|---|---|---|
BENEFIT EQUITY, INC.1 year Service code 13 · EIN 33-0384246 | Contract Administrator | $0 |
NATIONWIDE2 years Service code 15 · EIN 31-4156830 | Recordkeeping | $0 |
Filed as: PLANMEMBER SECURITIES CORP Service code 53 6187 CARPINTERIA AVENUE · CARPINTERIA, CA 93013 | Insurance Commissions | $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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $32,943 | $58,726-43.9% | $92,240-64.3% | $62,293-47.1% |
| Participation rate | 43.3% | 68.3%-25.1pp | 76.5%-33.2pp | 69.5%-26.3pp |
| Annual return | 13.02% | 43.62%-30.6pp | 176.29%-163.3pp | 28.90%-15.9pp |
| Employer contribution / active EE | $530 | $2,392-77.8% | $3,680-85.6% | $2,042-74.0% |
| Participant deferral / active EE | $1,532 | $2,766-44.6% | $3,897-60.7% | $3,169-51.6% |
| Admin fee / account holder | $208 | $556-62.7% | $5,194-96.0% | $479-56.7% |