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 | $73,072 |
MORGAN STANLEY SMITH BARNEY3+ 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 | $30,417 | $88,730-65.7% | $82,312-63.0% | $77,958-61.0% |
| Participation rate | 50.9% | 84.5%-33.6pp | 76.9%-26.0pp | 71.6%-20.7pp |
| Annual return | 20.52% | 20.88%-0.4pp | 25.88%-5.4pp | 20.87%-0.3pp |
| Employer contribution / active EE | $977 | $2,758-64.6% | $2,428-59.8% | $2,310-57.7% |
| Participant deferral / active EE | $2,051 | $4,634-55.7% | $3,706-44.6% | $3,537-42.0% |
| Admin fee / account holder | $40 | $74-46.5% | $5,608-99.3% | $97-59.4% |