Filed January 13, 2016
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $10,004 |
Filed as: NYLIFE SECURITIES LLC Service code 49 · EIN 27-0145686 | Other Services | $5,836 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,140 | $50,637-46.4% | $86,590-68.7% | $62,292-56.4% |
| Participation rate | 64.8% | 67.9%-3.1pp | 73.5%-8.7pp | 69.5%-4.7pp |
| Annual return | 17.85% | 20.80%-2.9pp | 964.84%-947.0pp | 28.90%-11.0pp |
| Employer contribution / active EE | $1,173 | $2,075-43.5% | $2,839-58.7% | $2,042-42.6% |
| Participant deferral / active EE | $2,850 | $2,611+9.2% | $3,609-21.0% | $3,169-10.1% |
| Admin fee / account holder | $94 | $413-77.4% | $4,906-98.1% | $479-80.5% |