Filed July 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 20-8874282 | Advisory (Plan) | $17,799 |
Service code 13 · EIN 06-1050034 | Contract Administrator | $16,377 |
Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 | Recordkeeping | $0 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,215 | $23,119-8.2% | $71,086-70.2% | $75,289-71.8% |
| Participation rate | 9.0% | 36.3%-27.3pp | 54.7%-45.6pp | 72.4%-63.4pp |
| Annual return | -3.60% | -3.32%-0.3pp | 650.59%-654.2pp | -0.04%-3.6pp |
| Employer contribution / active EE | $75 | $399-81.2% | $1,088-93.1% | $2,405-96.9% |
| Participant deferral / active EE | $257 | $960-73.3% | $1,874-86.3% | $3,739-93.1% |
| Admin fee / account holder | $63 | $89-29.7% | $3,082-98.0% | $102-38.5% |