| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $977,942 |
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $230,828 |
AMERICAN FUNDS1 year Filed as: CAPITAL STRATEGIES INVESTMENT Service code 16 · EIN 26-4789150 | Consulting | $75,000 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | TOYOTA INDUSTRIES NORTH AMERICA, IN | PLAN SPONSOR THE PLAN PAID UNALLOWABLE EXPENSES IN 2018 PLAN WAS REIMBURSED PLUS INTEREST FOR THESE EXPENSES IN 2023 | — | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $65,602 | $96,393-31.9% | $130,298-49.7% | $96,393-31.9% |
| Participation rate | 94.5% | 71.3%+23.2pp | 76.3%+18.2pp | 71.3%+23.2pp |
| Annual return | 19.47% | 22.88%-3.4pp | 38.90%-19.4pp | 22.88%-3.4pp |
| Employer contribution / active EE | $2,581 | $3,239-20.3% | $4,128-37.5% | $3,239-20.3% |
| Participant deferral / active EE | $6,278 | $5,455+15.1% | $6,790-7.5% | $5,455+15.1% |
| Admin fee / account holder | $74 | $74+0.8% | $6,025-98.8% | $74+0.8% |