| Provider | Service type | Compensation |
|---|---|---|
MILLIMAN, INC.6+ years Service code 15 · EIN 91-0675641 | Recordkeeping | $881,085 |
Filed as: INVESTMENT MANAGEMENT CONSULTANTS Service code 28 · EIN 88-0444272 | Investment Management | $150,000 |
AB FUNDS1 year Filed as: AB PRINTING MAILING Service code 49 · EIN 88-0474575 | Other Services | $35,173 |
MMA SECURITIES LLC5 years Filed as: MARSH & MCLENNAN AGENCY, LLC Service code 23 · EIN 36-1436000 | Direct payment from the plan; Insuran... | $21,380 |
CULINARY BARTENDERS UNION3 years Service code 31 · EIN 88-0028065 | Named fiduciary; Direct payment from ... | $10,496 |
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.
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 | $35,730 | $48,082-25.7% | $77,557-53.9% | $106,273-66.4% |
| Participation rate | 5.1% | 33.6%-28.5pp | 54.2%-49.1pp | 70.8%-65.7pp |
| Annual return | 15.54% | 15.72%-0.2pp | 54.83%-39.3pp | 21.70%-6.2pp |
| Employer contribution / active EE | $0 | $457-100.0% | $987-100.0% | $2,722-100.0% |
| Participant deferral / active EE | $101 | $1,043-90.3% | $1,861-94.6% | $4,601-97.8% |
| Admin fee / account holder | $135 | $79+70.3% | $2,860-95.3% | $78+72.7% |