Filed January 29, 2024
Total covered: 32 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Participant loan processing; Claims p... | $6,030 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,910 | $53,136-43.7% | $155,509-80.8% | $199,593-85.0% |
| Participation rate | 28.5% | 64.1%-35.6pp | 78.2%-49.7pp | 72.0%-43.5pp |
| Annual return | 12.90% | 41.15%-28.2pp | 64.67%-51.8pp | 34.25%-21.3pp |
| Employer contribution / active EE | $340 | $1,851-81.6% | $4,672-92.7% | $3,034-88.8% |
| Participant deferral / active EE | $500 | $3,161-84.2% | $5,626-91.1% | $5,087-90.2% |
| Admin fee / account holder | $9 | $185-95.4% | $15,912-99.9% | $269-96.8% |