Filed February 18, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: STATE STREET Service code 15 · EIN 04-2456637 | Recordkeeping | $5,205,031 |
Filed as: VOYA FINANCIAL, INC. Service code 15 · EIN 71-0294708 | Recordkeeping | $1,939,383 |
Filed as: PRUDENTIAL INSURANCE Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $568,486 |
Filed as: PRUDENTIAL TRUST Service code 51 · EIN 23-6994310 | Investment Mgmt Fees | $181,236 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,790 | $35,463-63.9% | $69,182-81.5% | $329,111-96.1% |
| Participation rate | 85.9% | 34.6%+51.4pp | 55.1%+30.8pp | 67.9%+18.1pp |
| Annual return | 7.84% | 7.72%+0.1pp | -21.93%+29.8pp | 16.35%-8.5pp |
| Employer contribution / active EE | $396 | $449-11.8% | $1,206-67.2% | $2,303-82.8% |
| Participant deferral / active EE | $977 | $1,018-4.0% | $1,897-48.5% | $3,682-73.5% |
| Admin fee / account holder | $66 | $64+2.0% | $2,697-97.6% | $754-91.3% |