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... | $3,864 |
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 | $13,310 | $47,180-71.8% | $149,723-91.1% | $74,473-82.1% |
| Participation rate | 57.2% | 63.4%-6.2pp | 78.8%-21.6pp | 70.7%-13.6pp |
| Annual return | 18.45% | 22.75%-4.3pp | 134.50%-116.0pp | 34.36%-15.9pp |
| Employer contribution / active EE | $559 | $1,907-70.7% | $4,821-88.4% | $2,638-78.8% |
| Participant deferral / active EE | $1,031 | $2,730-62.2% | $5,682-81.9% | $4,530-77.2% |
| Admin fee / account holder | $6 | $343-98.4% | $13,215-100.0% | $347-98.4% |