Filed July 27, 2020
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| Provider | Service type | Compensation |
|---|---|---|
AXA EQUITABLE LIFE INSURANCE CO2+ 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 | $2,157 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,092 | $55,453-47.5% | $170,435-82.9% | $62,293-53.3% |
| Participation rate | 60.2% | 66.4%-6.2pp | 83.6%-23.4pp | 69.5%-9.4pp |
| Annual return | 8.97% | 21.38%-12.4pp | 205.94%-197.0pp | 28.90%-19.9pp |
| Employer contribution / active EE | $918 | $2,164-57.6% | $5,432-83.1% | $2,042-55.0% |
| Participant deferral / active EE | $1,150 | $2,303-50.1% | $4,939-76.7% | $3,169-63.7% |
| Admin fee / account holder | $500 | $455+10.0% | $13,881-96.4% | $479+4.4% |