Filed December 2, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $43,831 |
MORNINGSTAR4+ years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $28,062 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANGEMENT LL Service code 26 · EIN 36-4317381 | Advisory (Participants) | $8,811 |
Employer 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 | $53,560 | $64,286-16.7% | $106,387-49.7% | $55,725-3.9% |
| Participation rate | 77.6% | 75.2%+2.4pp | 77.5%+0.1pp | 70.9%+6.7pp |
| Annual return | -4.63% | 0.84%-5.5pp | 0.25%-4.9pp | 244.93%-249.6pp |
| Employer contribution / active EE | $460 | $2,367-80.6% | $3,520-86.9% | $2,078-77.8% |
| Participant deferral / active EE | $4,683 | $4,158+12.6% | $5,421-13.6% | $3,356+39.6% |
| Admin fee / account holder | $23 | $102-77.1% | $7,510-99.7% | $115-79.6% |