Filed March 7, 2023 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Account maintenance fees; Recordkeepi... | $61,976 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,883 | $52,188-79.1% | $86,640-87.4% | $74,460-85.4% |
| Participation rate | 32.2% | 66.3%-34.1pp | 71.7%-39.5pp | 70.7%-38.5pp |
| Annual return | 16.23% | 44.46%-28.2pp | 592.52%-576.3pp | 34.38%-18.1pp |
| Employer contribution / active EE | $481 | $2,282-78.9% | $3,024-84.1% | $2,638-81.8% |
| Participant deferral / active EE | $952 | $3,383-71.9% | $4,438-78.6% | $4,530-79.0% |
| Admin fee / account holder | $116 | $319-63.6% | $5,616-97.9% | $348-66.7% |