Filed August 3, 2022 (most recent of 2 filings on file)
Total covered: 2,748 employees
| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON7+ years Filed as: MELLON CAPITAL Service code 28 · EIN 25-6078093 | Investment Management | $1,285,132 |
PGIM INVESTMENTS7+ years Filed as: JENNISON ASSOCIATES, LLC Service code 28 · EIN 22-2540245 | Investment Management | $936,408 |
JACKSON SQUARE PARTNERS3 years Filed as: JACKSON SQUARE Service code 28 · EIN 80-0945254 | Investment Management | $827,812 |
ARROWMARK PARTNERS4 years Service code 28 100 FILLMORE STREET · DENVER, CO 80206 | Investment Management | $797,313 |
WEDGE CAPITAL MANAGEMENT7+ years Service code 28 · EIN 56-1557450 | Investment Management | $696,311 |
Filed as: J.P. MORGAN INVESTMENT MANAGEMENT Service code 27 · EIN 13-3200244 | Advisory (Plan) | $620,702 |
WELLS FARGO BANK, N.A.7+ years Filed as: GALLIARD CAPITAL MANAGEMENT, INC Service code 28 · EIN 41-1813702 | Investment Management | $619,908 |
BOSTON PARTNERS7+ years Filed as: ROBECO BOSTON PARTNERS Service code 28 · EIN 98-0202744 | Investment Management | $443,077 |
SOUND SHORE5 years Filed as: SOUND SHORE MANAGEMENT, INC. Service code 28 8 SOUND SHORE DRIVE · GREENWICH, CT 06830 | Investment Management | $309,673 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $295,360 |
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 | JP MORGAN CHASE BANK, N.A. | TRUSTEE AND CUSTODIAN PAYMENT OF FEE FOR SERVICES NOT APPLICABLE TO PLAN BETWEEN FEBRUARY 2014 AND JANUARY 2017 | — | $5K |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $268,130 | $106,520+151.7% | $119,237+124.9% | $106,520+151.7% |
| Participation rate | 98.5% | 71.3%+27.2pp | 82.7%+15.8pp | 71.3%+27.2pp |
| Annual return | 12.84% | 19.28%-6.4pp | 30.70%-17.9pp | 19.28%-6.4pp |
| Employer contribution / active EE | $4,629 | $2,840+63.0% | $4,383+5.6% | $2,840+63.0% |
| Participant deferral / active EE | $10,781 | $4,948+117.9% | $6,112+76.4% | $4,948+117.9% |
| Admin fee / account holder | $376 | $75+404.7% | $7,229-94.8% | $75+404.7% |