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| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $16,959 |
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $8,924 |
Service code 15 · EIN 45-4208939 | Recordkeeping | $1,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,968 | $83,045-68.7% | $130,045-80.0% | $71,511-63.7% |
| Participation rate | 46.5% | 74.1%-27.6pp | 78.5%-32.0pp | 67.9%-21.4pp |
| Annual return | 10.73% | 20.61%-9.9pp | -137.30%+148.0pp | 28.86%-18.1pp |
| Employer contribution / active EE | $1,198 | $2,623-54.3% | $4,321-72.3% | $2,589-53.7% |
| Participant deferral / active EE | $2,297 | $4,436-48.2% | $5,820-60.5% | $4,291-46.5% |
| Admin fee / account holder | $204 | $1,727-88.2% | $10,600-98.1% | $1,588-87.2% |