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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $44,842 |
THE BANK OF NEW YORK MELLON4 years Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $27,220 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $97,175 | $71,215+36.5% | $93,696+3.7% | $80,935+20.1% |
| Participation rate | 54.0% | 60.4%-6.4pp | 68.7%-14.7pp | 67.7%-13.7pp |
| Annual return | 13.56% | 11.27%+2.3pp | 133.74%-120.2pp | 35.66%-22.1pp |
| Employer contribution / active EE | $206 | $1,565-86.8% | $2,422-91.5% | $2,757-92.5% |
| Participant deferral / active EE | $3,738 | $4,037-7.4% | $4,417-15.4% | $4,299-13.1% |
| Admin fee / account holder | $680 | $6,958-90.2% | $8,287-91.8% | $6,924-90.2% |