Filed October 19, 2017
Total covered: 8 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $3,525 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $5,749 | $62,928-90.9% | $172,753-96.7% | $67,582-91.5% |
| Participation rate | 57.5% | 64.5%-6.9pp | 82.6%-25.1pp | 71.3%-13.8pp |
| Annual return | 25.24% | 30.36%-5.1pp | 803.00%-777.8pp | 378.57%-353.3pp |
| Employer contribution / active EE | $294 | $1,636-82.0% | $5,144-94.3% | $2,148-86.3% |
| Participant deferral / active EE | $373 | $2,145-82.6% | $5,198-92.8% | $3,539-89.5% |
| Admin fee / account holder | $8 | $167-95.5% | $13,956-99.9% | $142-94.7% |