Filed February 8, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: POPULAR INC. Service code 21 · EIN 66-0561870 | Bank Trustee | $20,641 |
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.
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 | $20,853 | $88,515-76.4% | $162,185-87.1% | $67,582-69.1% |
| Participation rate | 93.9% | 86.8%+7.1pp | 87.6%+6.4pp | 71.3%+22.6pp |
| Annual return | 21.26% | 27.04%-5.8pp | 115.61%-94.3pp | 378.57%-357.3pp |
| Employer contribution / active EE | $1,480 | $3,563-58.5% | $5,613-73.6% | $2,148-31.1% |
| Participant deferral / active EE | $2,292 | $5,724-59.9% | $7,297-68.6% | $3,539-35.2% |
| Admin fee / account holder | $48 | $124-61.5% | $10,844-99.6% | $142-66.6% |