Filed June 23, 2022
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| Provider | Service type | Compensation |
|---|---|---|
METLIFE LIFE INSURANCE COMPANY1+ years Filed as: METROPOLITAN LIFE INSURANCE COMPANY Service code 64 300 DAVIDSON AVENUE · SOMERSET, NJ 08873 | Recordkeeping Fees | $41,561 |
METLIFE LIFE INSURANCE COMPANY1+ years Filed as: METLIFE SECURITIES INC. Service code 55 1095 AVENUE OF THE AMERICAS · NEW YORK, NY 10036 | Other Commissions | $9,184 |
Filed as: PRUDENTIAL INSURANCE CO OF AMERICA Service code 64 · EIN 22-1211670 | Recordkeeping Fees | $560 |
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 64 · EIN 13-5562191 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping Fees | $460 |
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.
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 | $12,540 | $37,039-66.1% | $147,617-91.5% | $59,188-78.8% |
| Participation rate | 66.8% | 63.8%+3.0pp | 84.6%-17.9pp | 69.4%-2.7pp |
| Annual return | 2.94% | 7.19%-4.2pp | 61.98%-59.0pp | 5.51%-2.6pp |
| Employer contribution / active EE | $216 | $1,353-84.0% | $5,564-96.1% | $2,098-89.7% |
| Participant deferral / active EE | $804 | $2,094-61.6% | $4,895-83.6% | $3,265-75.4% |
| Admin fee / account holder | $22 | $60-63.6% | $11,612-99.8% | $92-76.2% |