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| Provider | Service type | Compensation |
|---|---|---|
RED BANK PENSION SERVICES, INC.1+ years Service code 49 · EIN 22-2755716 1161 BROAD STREET · SHREWSBURY, NJ 07702 | Other Services | $4,346 |
MORNINGSTAR1+ years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $1,361 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $1,232 |
Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $616 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,008 | $81,948-43.9% | $90,760-49.3% | $64,819-29.0% |
| Participation rate | 38.0% | 80.5%-42.4pp | 75.7%-37.7pp | 71.5%-33.4pp |
| Annual return | -18.27% | -12.53%-5.7pp | -12.16%-6.1pp | 32.84%-51.1pp |
| Employer contribution / active EE | $1,165 | $3,067-62.0% | $2,922-60.1% | $2,507-53.5% |
| Participant deferral / active EE | $2,342 | $4,844-51.6% | $4,565-48.7% | $4,311-45.7% |
| Admin fee / account holder | $440 | $157+180.4% | $8,444-94.8% | $188+134.5% |