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 | Participant loan processing; Recordke... | $3,103 |
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.
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 | $15,640 | $46,332-66.2% | $143,799-89.1% | $64,819-75.9% |
| Participation rate | 51.9% | 64.2%-12.4pp | 80.3%-28.4pp | 71.5%-19.6pp |
| Annual return | -17.24% | -10.05%-7.2pp | -0.04%-17.2pp | 32.84%-50.1pp |
| Employer contribution / active EE | $238 | $1,911-87.5% | $4,952-95.2% | $2,507-90.5% |
| Participant deferral / active EE | $1,117 | $2,647-57.8% | $5,638-80.2% | $4,311-74.1% |
| Admin fee / account holder | $9 | $154-93.8% | $14,677-99.9% | $188-94.9% |