Filed December 13, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Recordkeeping and ... | $820 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $15,546 | $65,092-76.1% | $143,799-89.2% | $66,938-76.8% |
| Participation rate | 52.2% | 65.2%-13.0pp | 80.3%-28.1pp | 69.8%-17.6pp |
| Annual return | -14.06% | -11.14%-2.9pp | -0.04%-14.0pp | 1.58%-15.6pp |
| Employer contribution / active EE | $924 | $2,362-60.9% | $4,952-81.3% | $2,545-63.7% |
| Participant deferral / active EE | $669 | $2,920-77.1% | $5,638-88.1% | $4,238-84.2% |
| Admin fee / account holder | $7 | $502-98.6% | $14,677-100.0% | $594-98.9% |