Filed November 18, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MERCER2 years Filed as: MERCER INVESTMENT MANAGEMENT INC Service code 27 · EIN 30-0282430 | Advisory (Plan) | $40,933 |
Service code 37 · EIN 04-2647786 | Loan Processing | $21,013 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $10,469 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $87,055 | $91,406-4.8% | $130,062-33.1% | $74,473+16.9% |
| Participation rate | 55.7% | 77.8%-22.1pp | 78.5%-22.8pp | 70.7%-15.0pp |
| Annual return | 19.04% | 23.21%-4.2pp | -137.37%+156.4pp | 34.36%-15.3pp |
| Employer contribution / active EE | $2,207 | $2,565-13.9% | $4,322-48.9% | $2,638-16.3% |
| Participant deferral / active EE | $4,686 | $4,724-0.8% | $5,821-19.5% | $4,530+3.4% |
| Admin fee / account holder | $227 | $283-19.9% | $10,601-97.9% | $347-34.6% |