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 | $113,098 |
Filed as: KESTRA ADVISORY SERVICES Service code 27 · EIN 35-2552359 | Advisory (Plan) | $13,750 |
MORGAN STANLEY SMITH BARNEY5+ years Service code 33 · EIN 13-2655998 | Securities brokerage; Securities brok... | $0 |
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.
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 | $37,510 | $105,173-64.3% | $87,104-56.9% | $77,775-51.8% |
| Participation rate | 61.6% | 85.8%-24.2pp | 76.9%-15.3pp | 73.2%-11.7pp |
| Annual return | 21.43% | 24.52%-3.1pp | 28.19%-6.8pp | 32.58%-11.1pp |
| Employer contribution / active EE | $1,352 | $2,890-53.2% | $2,521-46.4% | $2,504-46.0% |
| Participant deferral / active EE | $2,906 | $5,048-42.4% | $4,048-28.2% | $3,966-26.7% |
| Admin fee / account holder | $59 | $105-43.4% | $7,491-99.2% | $100-40.8% |