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| Provider | Service type | Compensation |
|---|---|---|
PARK AVENUE SECURITIES LLC2 years Filed as: PARK NATIONAL BANK Service code 15 · EIN 31-1198067 50 NORTH 3RD STREET · NEWARK, OH 43055 | Recordkeeping | $16,452 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,101 | $47,766-68.4% | $82,706-81.7% | $64,814-76.7% |
| Participation rate | 14.4% | 67.7%-53.2pp | 72.6%-58.1pp | 71.5%-57.0pp |
| Annual return | -13.87% | -13.06%-0.8pp | 701.76%-715.6pp | 32.84%-46.7pp |
| Employer contribution / active EE | $401 | $2,182-81.6% | $3,007-86.7% | $2,507-84.0% |
| Participant deferral / active EE | $518 | $3,332-84.4% | $4,394-88.2% | $4,310-88.0% |
| Admin fee / account holder | $131 | $143-8.5% | $5,329-97.5% | $188-30.3% |