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| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON4+ years Filed as: BANK OF AMERICA Service code 21 · EIN 20-2992098 | Bank Trustee | $10,681 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $30,219 | $49,280-38.7% | $67,313-55.1% | $64,181-52.9% |
| Participation rate | 57.6% | 60.8%-3.1pp | 69.1%-11.4pp | 69.6%-11.9pp |
| Annual return | -0.46% | -1.39%+0.9pp | -4.08%+3.6pp | 7.63%-8.1pp |
| Employer contribution / active EE | $0 | $1,668-100.0% | $2,566-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $0 | $2,484-100.0% | $3,568-100.0% | $3,470-100.0% |
| Admin fee / account holder | $157 | $3,863-95.9% | $4,507-96.5% | $4,887-96.8% |