Filed January 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
STANCORP FINANCIAL GROUP4+ years Service code 12 · EIN 93-1253576 | Claims processing; Custodial (other t... | $20,931 |
Filed as: INDEPENDENT FINANCIAL GROUP, LLC Service code 27 · EIN 71-0927304 | Advisory (Plan) | $7,858 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,581 | $37,196-68.9% | $154,108-92.5% | $55,725-79.2% |
| Participation rate | 34.3% | 64.1%-29.8pp | 83.0%-48.7pp | 70.9%-36.5pp |
| Annual return | -2.49% | 1319.68%-1322.2pp | 735.21%-737.7pp | 244.93%-247.4pp |
| Employer contribution / active EE | $196 | $1,614-87.8% | $5,298-96.3% | $2,078-90.6% |
| Participant deferral / active EE | $1,264 | $2,068-38.9% | $5,081-75.1% | $3,356-62.3% |
| Admin fee / account holder | $238 | $102+134.2% | $13,411-98.2% | $115+106.6% |