Filed February 7, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
METLIFE LIFE INSURANCE COMPANY1+ years Filed as: METROPOLITAN LIFE INSURANCE COMPANY Service code 64 300 DAVIDSON AVENUE · SOMERSET, NJ 08873 | Recordkeeping Fees | $200,683 |
PROMANAGE LLC1+ years Service code 99 150 N MICHIGAN AVE STE 2930 · CHICAGO, IL 60601 | Other Fees | $196,271 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $49,254 | $46,516+5.9% | $147,618-66.6% | $69,651-29.3% |
| Participation rate | 72.2% | 65.8%+6.4pp | 84.6%-12.4pp | 66.6%+5.7pp |
| Annual return | 5.61% | 9.48%-3.9pp | 61.98%-56.4pp | 53.77%-48.2pp |
| Employer contribution / active EE | $1,260 | $1,393-9.5% | $5,564-77.4% | $2,241-43.7% |
| Participant deferral / active EE | $3,264 | $2,719+20.0% | $4,895-33.3% | $3,635-10.2% |
| Admin fee / account holder | $23 | $45-49.6% | $11,612-99.8% | $63-64.3% |