Filed July 27, 2020
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| Provider | Service type | Compensation |
|---|---|---|
AXA EQUITABLE LIFE INSURANCE CO8+ 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 | $1,801 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $50,499 | $61,391-17.7% | $149,723-66.3% | $71,529-29.4% |
| Participation rate | 59.6% | 62.5%-2.9pp | 78.8%-19.2pp | 67.9%-8.3pp |
| Annual return | 11.31% | 35.88%-24.6pp | 134.50%-123.2pp | 28.97%-17.7pp |
| Employer contribution / active EE | $1,169 | $2,384-51.0% | $4,821-75.8% | $2,590-54.9% |
| Participant deferral / active EE | $1,651 | $2,921-43.5% | $5,682-70.9% | $4,291-61.5% |
| Admin fee / account holder | $825 | $1,264-34.8% | $13,215-93.8% | $1,588-48.1% |