Filed December 13, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Participant loan p... | $587 |
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 | $18,715 | $61,338-69.5% | $149,717-87.5% | $71,495-73.8% |
| Participation rate | 60.4% | 62.5%-2.1pp | 78.8%-18.4pp | 67.9%-7.5pp |
| Annual return | 16.90% | 35.86%-19.0pp | 134.41%-117.5pp | 28.85%-11.9pp |
| Employer contribution / active EE | $815 | $2,381-65.8% | $4,820-83.1% | $2,589-68.5% |
| Participant deferral / active EE | $792 | $2,919-72.9% | $5,682-86.1% | $4,291-81.5% |
| Admin fee / account holder | $5 | $1,263-99.6% | $13,213-100.0% | $1,588-99.7% |