Filed April 13, 2021
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES4+ years Service code 27 · EIN 77-0473565 | Advisory (Plan) | $2,419,138 |
Service code 25 · EIN 04-2647786 | Directed Trustee | $1,149,374 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,827 | $173,253-40.6% | $80,022+28.5% | $73,367+40.2% |
| Participation rate | 53.9% | 88.8%-34.9pp | 75.8%-21.9pp | 69.5%-15.5pp |
| Annual return | -4.11% | -2.12%-2.0pp | 11.22%-15.3pp | 173.45%-177.6pp |
| Employer contribution / active EE | $2,663 | $6,338-58.0% | $2,468+7.9% | $2,499+6.6% |
| Participant deferral / active EE | $3,595 | $8,893-59.6% | $3,686-2.5% | $4,033-10.9% |
| Admin fee / account holder | $124 | $90+38.2% | $6,521-98.1% | $68+81.6% |