Filed March 22, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Account maintenance fees; Recordkeepi... | $771 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,532 | $61,166-82.8% | $185,849-94.3% | $79,391-86.7% |
| Participation rate | 66.3% | 66.6%-0.3pp | 81.7%-15.4pp | 70.7%-4.4pp |
| Annual return | 12.09% | 19.45%-7.4pp | 122.10%-110.0pp | 116.88%-104.8pp |
| Employer contribution / active EE | $706 | $2,321-69.6% | $5,169-86.3% | $2,428-70.9% |
| Participant deferral / active EE | $1,011 | $2,789-63.7% | $5,569-81.8% | $4,046-75.0% |
| Admin fee / account holder | $5 | $710-99.3% | $16,244-100.0% | $627-99.2% |