Filed February 8, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: POPULAR INC. Service code 21 · EIN 66-0561870 | Bank Trustee | $600 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,522 | $71,802-81.2% | $133,975-89.9% | $57,658-76.5% |
| Participation rate | 96.1% | 85.5%+10.6pp | 87.1%+9.1pp | 70.2%+25.9pp |
| Annual return | 12.19% | 13.51%-1.3pp | 29.29%-17.1pp | 5.13%+7.1pp |
| Employer contribution / active EE | $1,953 | $3,161-38.2% | $5,211-62.5% | $1,974-1.1% |
| Participant deferral / active EE | $2,788 | $4,606-39.5% | $6,282-55.6% | $3,061-8.9% |
| Admin fee / account holder | $0 | $88-100.0% | $9,324-100.0% | $95-100.0% |