Filed November 3, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $28,228 |
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 | $12,893 | $44,206-70.8% | $94,057-86.3% | $64,728-80.1% |
| Participation rate | 43.0% | 51.0%-7.9pp | 73.3%-30.3pp | 57.9%-14.8pp |
| Annual return | 11.92% | 259.42%-247.5pp | 480.62%-468.7pp | 49.38%-37.5pp |
| Employer contribution / active EE | $162 | $1,635-90.1% | $2,933-94.5% | $2,243-92.8% |
| Participant deferral / active EE | $602 | $1,902-68.4% | $4,709-87.2% | $2,729-77.9% |
| Admin fee / account holder | $98 | $1,230-92.0% | $7,244-98.6% | $1,145-91.4% |