Filed January 8, 2024 (most recent of 3 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... | $10,325 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $14,457 | $50,919-71.6% | $155,556-90.7% | $77,762-81.4% |
| Participation rate | 53.5% | 63.1%-9.6pp | 78.2%-24.7pp | 70.6%-17.1pp |
| Annual return | 14.97% | 34.84%-19.9pp | 64.84%-49.9pp | 31.27%-16.3pp |
| Employer contribution / active EE | $593 | $1,991-70.2% | $4,675-87.3% | $2,728-78.3% |
| Participant deferral / active EE | $987 | $2,824-65.0% | $5,631-82.5% | $4,651-78.8% |
| Admin fee / account holder | $10 | $437-97.8% | $15,885-99.9% | $433-97.8% |