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| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON2+ years Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $13,479 |
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $9,083 |
Service code 15 · EIN 45-4208939 | Recordkeeping | $1,500 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,448 | $88,137-66.6% | $164,975-82.1% | $74,429-60.4% |
| Participation rate | 55.3% | 73.1%-17.8pp | 78.6%-23.3pp | 67.2%-11.9pp |
| Annual return | 14.20% | 17.13%-2.9pp | 70.12%-55.9pp | 1368.38%-1354.2pp |
| Employer contribution / active EE | $1,816 | $2,597-30.1% | $4,343-58.2% | $2,625-30.8% |
| Participant deferral / active EE | $3,195 | $4,501-29.0% | $6,033-47.1% | $4,348-26.5% |
| Admin fee / account holder | $167 | $2,231-92.5% | $12,688-98.7% | $1,944-91.4% |