Filed November 2, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 13 · EIN 22-1211670 | Contract Administrator | $92,544 |
MORGAN STANLEY SMITH BARNEY2+ years Service code 33 · EIN 13-2655998 | Securities brokerage commissions and ... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,677 | $80,211-69.2% | $74,184-66.7% | $63,975-61.4% |
| Participation rate | 44.6% | 84.2%-39.6pp | 76.6%-32.0pp | 71.1%-26.5pp |
| Annual return | 7.87% | 14.13%-6.3pp | 17.74%-9.9pp | 48.65%-40.8pp |
| Employer contribution / active EE | $828 | $2,553-67.6% | $2,370-65.1% | $2,182-62.1% |
| Participant deferral / active EE | $1,686 | $4,370-61.4% | $3,550-52.5% | $3,356-49.8% |
| Admin fee / account holder | $56 | $67-17.4% | $5,586-99.0% | $70-21.2% |