Filed May 11, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Participant loan processing; Account ... | $396 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,544 | $60,989+10.7% | $60,919+10.9% | $66,949+0.9% |
| Participation rate | 78.0% | 74.5%+3.5pp | 73.1%+4.9pp | 69.8%+8.2pp |
| Annual return | -18.77% | -9.60%-9.2pp | 16.96%-35.7pp | 1.57%-20.3pp |
| Employer contribution / active EE | $2,159 | $2,661-18.9% | $2,704-20.2% | $2,545-15.2% |
| Participant deferral / active EE | $6,570 | $3,615+81.8% | $3,814+72.2% | $4,239+55.0% |
| Admin fee / account holder | $1,412 | $338+317.3% | $3,228-56.2% | $594+137.9% |