Filed January 13, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: NEW YORK LIFE INSURANCE AND ANNUITY Service code 51 · EIN 13-3044743 | Investment Mgmt Fees | $3,100 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $33,415 | $46,360-27.9% | $147,617-77.4% | $52,331-36.1% |
| Participation rate | 35.6% | 64.9%-29.3pp | 84.6%-49.0pp | 68.1%-32.5pp |
| Annual return | -0.71% | 1.62%-2.3pp | 61.98%-62.7pp | 4.54%-5.3pp |
| Employer contribution / active EE | $1,268 | $2,126-40.4% | $5,564-77.2% | $1,882-32.6% |
| Participant deferral / active EE | $882 | $2,258-60.9% | $4,895-82.0% | $3,022-70.8% |
| Admin fee / account holder | $21 | $766-97.3% | $11,612-99.8% | $592-96.4% |