Filed April 13, 2021
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES2+ years Service code 26 · EIN 77-0473565 | Advisory (Participants) | $1,548,544 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $381,036 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,363 | $169,122-44.2% | $78,002+21.0% | $329,111-71.3% |
| Participation rate | 53.8% | 88.4%-34.5pp | 75.5%-21.7pp | 67.9%-14.0pp |
| Annual return | 13.50% | 11.00%+2.5pp | 425.99%-412.5pp | 16.35%-2.9pp |
| Employer contribution / active EE | $2,430 | $5,827-58.3% | $2,470-1.6% | $2,303+5.5% |
| Participant deferral / active EE | $3,368 | $8,046-58.1% | $3,497-3.7% | $3,682-8.5% |
| Admin fee / account holder | $68 | $83-17.4% | $5,481-98.8% | $754-91.0% |