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| Provider | Service type | Compensation |
|---|---|---|
COMERICA BANK4+ years Filed as: COMERICA SECURITIES Service code 16 · EIN 38-2621207 | Consulting | $40,000 |
O'MELVENY & MYERS LLP3 years Filed as: O'MELVENY AND MYERS Service code 29 · EIN 95-1066597 | Legal | $20,169 |
HCVT1 year Service code 10 · EIN 95-4345526 | Accounting | $15,600 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$3,676 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $113,551 | $64,286+76.6% | $106,387+6.7% | $55,727+103.8% |
| Participation rate | 65.1% | 75.2%-10.1pp | 77.5%-12.4pp | 70.9%-5.8pp |
| Annual return | -4.68% | 0.84%-5.5pp | 0.25%-4.9pp | 244.94%-249.6pp |
| Employer contribution / active EE | $2,736 | $2,367+15.6% | $3,520-22.3% | $2,078+31.7% |
| Participant deferral / active EE | $8,059 | $4,158+93.8% | $5,421+48.7% | $3,356+140.2% |
| Admin fee / account holder | $44 | $102-57.4% | $7,510-99.4% | $115-62.2% |