| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRUDENTIAL RETIREMENT INSURANCE ANN Service code 19 · EIN 06-1050034 | Securities Custodian | $2,039,147 |
Filed as: THE PRUDENTIAL INSURANCE COMPANY Service code 15 · EIN 22-1211670 | Recordkeeping | $1,447,375 |
GEM GROUP1+ years Service code 13 · EIN 25-1696740 | Contract Administrator | $606,000 |
BOND BROTHERS1+ years Filed as: BOND BEEBE, P.C. Service code 10 · EIN 52-1044197 | Accounting | $140,058 |
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN, LEWIS & BOCKIUS, LLP Service code 29 · EIN 23-0891050 | Legal | $101,201 |
ALAN BILLER & ASSOCIATES1+ years Service code 27 535 MIDDLEFIELD RD #230 · MENLO PARK, CA 94025 | Advisory (Plan) | $62,500 |
O'DWYER & BERNSTEIN, LLP1+ years Service code 29 · EIN 13-0528665 | Legal | $46,359 |
BEINS, AXELROD P.C.1+ years Filed as: BEINS AXELROD, P.C. Service code 29 · EIN 52-1713905 | Legal | $44,616 |
Filed as: PRUDENTIAL INVESTMENT MANAGEMENT Service code 50 · EIN 13-4122960 | Direct Payment | $35,549 |
Filed as: INTERNATIONAL BROTHER OF TEAMSTERS Service code 35 · EIN 53-0215427 | Employee (plan sponsor); Direct payme... | $20,106 |
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.
Employer 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,050 | $84,728-72.8% | $60,547-61.9% | $69,651-66.9% |
| Participation rate | 26.0% | 63.7%-37.7pp | 68.0%-41.9pp | 66.6%-40.5pp |
| Annual return | 0.41% | -1.91%+2.3pp | 335.64%-335.2pp | 53.77%-53.4pp |
| Employer contribution / active EE | $186 | $3,261-94.3% | $2,419-92.3% | $2,241-91.7% |
| Participant deferral / active EE | $394 | $3,056-87.1% | $3,328-88.2% | $3,635-89.2% |
| Admin fee / account holder | $125 | $74+68.1% | $4,536-97.3% | $63+97.0% |