Filed April 23, 2021 (most recent of 6 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRUDENTIAL RET. INS. & ANNUITY CO. Service code 15 · EIN 06-1050034 | Recordkeeping | $64,822 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,636 | $45,000+10.3% | $143,801-65.5% | $77,906-36.3% |
| Participation rate | 58.3% | 66.8%-8.5pp | 80.3%-22.0pp | 73.7%-15.4pp |
| Annual return | -17.09% | 29.03%-46.1pp | -0.04%-17.1pp | 12.16%-29.2pp |
| Employer contribution / active EE | $669 | $1,870-64.2% | $4,952-86.5% | $2,846-76.5% |
| Participant deferral / active EE | $2,245 | $3,157-28.9% | $5,639-60.2% | $4,805-53.3% |
| Admin fee / account holder | $40 | $98-59.0% | $14,680-99.7% | $133-69.6% |