Filed July 27, 2020
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| Provider | Service type | Compensation |
|---|---|---|
AXA EQUITABLE LIFE INSURANCE CO9+ years Filed as: AXA EQUITABLE LIFE INSURANCE COMPAN Service code 25 · EIN 13-5570651 1840 CENTURY PARK EAST, SUITE 300 · LOS ANGELES, CA 90067 | Directed Trustee | $1,288 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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 | $56,070 | $81,358-31.1% | $155,556-64.0% | $80,959-30.7% |
| Participation rate | 59.4% | 66.3%-6.9pp | 78.2%-18.8pp | 67.7%-8.3pp |
| Annual return | 7.70% | 33.39%-25.7pp | 64.84%-57.1pp | 35.67%-28.0pp |
| Employer contribution / active EE | $1,426 | $3,106-54.1% | $4,675-69.5% | $2,757-48.3% |
| Participant deferral / active EE | $1,767 | $3,455-48.9% | $5,631-68.6% | $4,300-58.9% |
| Admin fee / account holder | $648 | $7,994-91.9% | $15,885-95.9% | $6,925-90.6% |