Filed April 1, 2019
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| Provider | Service type | Compensation |
|---|---|---|
VALMARK ADVISERS INC4+ years Service code 27 130 SPRINGSIDE DRIVE · AKRON, OH 44333 | Advisory (Plan) | $12,734 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $10,082 |
DOWNEAST PENSION SERVICES, INC.4+ years Service code 13 41 CAMPUS DRIVE · NEW GLOUCESTER, ME 04260 | Contract Administrator | $3,319 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,410 |
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).
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 | $31,189 | $47,977-35.0% | $154,108-79.8% | $56,289-44.6% |
| Participation rate | 57.6% | 66.2%-8.6pp | 83.0%-25.5pp | 69.9%-12.3pp |
| Annual return | 4.11% | 3.54%+0.6pp | 735.21%-731.1pp | -9.96%+14.1pp |
| Employer contribution / active EE | $709 | $2,169-67.3% | $5,298-86.6% | $2,111-66.4% |
| Participant deferral / active EE | $2,601 | $2,392+8.8% | $5,081-48.8% | $3,350-22.3% |
| Admin fee / account holder | $292 | $438-33.3% | $13,411-97.8% | $521-43.9% |