Filed July 20, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $90,281 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,156 | $50,815+42.0% | $155,509-53.6% | $77,643-7.1% |
| Participation rate | 41.6% | 63.1%-21.5pp | 78.2%-36.6pp | 70.6%-29.0pp |
| Annual return | 11.28% | 34.80%-23.5pp | 64.67%-53.4pp | 31.24%-20.0pp |
| Employer contribution / active EE | $603 | $1,993-69.7% | $4,672-87.1% | $2,726-77.9% |
| Participant deferral / active EE | $2,571 | $2,822-8.9% | $5,626-54.3% | $4,647-44.7% |
| Admin fee / account holder | $328 | $437-24.9% | $15,912-97.9% | $430-23.8% |