Filed November 3, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $37,171 |
Filed as: WILSHIRE ASSOCIATES INC. Service code 31 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Named fiduciary | $3,954 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,186 | $76,696-8.5% | $96,515-27.3% | $71,511-1.9% |
| Participation rate | 46.6% | 66.6%-20.0pp | 74.3%-27.8pp | 67.9%-21.4pp |
| Annual return | 20.28% | 48.32%-28.0pp | 35.73%-15.4pp | 28.86%-8.6pp |
| Employer contribution / active EE | $3,497 | $3,032+15.4% | $3,740-6.5% | $2,589+35.1% |
| Participant deferral / active EE | $2,063 | $3,770-45.3% | $4,880-57.7% | $4,291-51.9% |
| Admin fee / account holder | $362 | $2,030-82.2% | $6,735-94.6% | $1,588-77.2% |