Filed November 3, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $21,496 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,733 | $47,766-75.4% | $82,763-85.8% | $64,824-81.9% |
| Participation rate | 46.6% | 67.7%-21.1pp | 72.6%-26.0pp | 71.5%-24.9pp |
| Annual return | -13.84% | -13.06%-0.8pp | 702.45%-716.3pp | 32.84%-46.7pp |
| Employer contribution / active EE | $53 | $2,182-97.6% | $3,008-98.2% | $2,507-97.9% |
| Participant deferral / active EE | $1,347 | $3,332-59.6% | $4,395-69.4% | $4,311-68.8% |
| Admin fee / account holder | $96 | $143-32.9% | $5,325-98.2% | $188-48.9% |