| Provider | Service type | Compensation |
|---|---|---|
Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 · EIN 22-1211670 | Recordkeeping | $5,686,258 |
Service code 13 · EIN 52-1590516 | Contract Administrator | $638,140 |
Service code 19 · EIN 06-1050034 | Securities Custodian | $275,955 |
BEINS, AXELROD P.C.2 years Filed as: BEINS AXELROD P.C. Service code 29 · EIN 52-1713905 | Legal | $77,166 |
MORGAN LEWIS1 year Filed as: MORGAN, LEWIS BROCKIUS LLP Service code 29 · EIN 23-0891050 | Legal | $76,793 |
ALAN BILLER & ASSOCIATES3+ years Service code 27 535 MIDDLEFIELD ROAD · MELON PARK, CA 94025 | Advisory (Plan) | $70,000 |
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUMSMITH & BROWN PC Service code 10 · EIN 22-2027092 | Accounting | $66,891 |
BOND BROTHERS3+ years Filed as: BOND BEEBE, P.C. Service code 10 · EIN 52-1044197 | Accounting | $59,325 |
O'DWYER & BERNSTEIN, LLP1 year Filed as: O'DWYER BERNSTEIN LLP Service code 29 · EIN 13-0528665 | Legal | $34,915 |
Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 50 · EIN 13-4122960 | Direct Payment | $31,381 |
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 | $29,300 | $106,972-72.6% | $71,671-59.1% | $80,976-63.8% |
| Participation rate | 23.6% | 64.4%-40.8pp | 68.7%-45.2pp | 68.3%-44.7pp |
| Annual return | 15.03% | 23.84%-8.8pp | 20.65%-5.6pp | 22.91%-7.9pp |
| Employer contribution / active EE | $200 | $4,034-95.0% | $2,460-91.9% | $2,402-91.7% |
| Participant deferral / active EE | $408 | $3,800-89.3% | $3,438-88.1% | $3,848-89.4% |
| Admin fee / account holder | $186 | $97+92.2% | $5,558-96.7% | $67+175.0% |