Filed July 22, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Recordkeeping and ... | $4,184 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,246 | $52,293-72.8% | $178,503-92.0% | $73,412-80.6% |
| Participation rate | 65.2% | 65.3%-0.2pp | 81.9%-16.8pp | 72.2%-7.0pp |
| Annual return | 15.39% | 34.75%-19.4pp | 151.12%-135.7pp | 59.30%-43.9pp |
| Employer contribution / active EE | $225 | $1,736-87.0% | $5,011-95.5% | $2,234-89.9% |
| Participant deferral / active EE | $908 | $2,333-61.1% | $5,202-82.6% | $3,806-76.2% |
| Admin fee / account holder | $12 | $127-90.6% | $13,987-99.9% | $158-92.4% |