Filed October 10, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $15,947 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,448 | $71,142+8.9% | $119,622-35.3% | $64,819+19.5% |
| Participation rate | 52.0% | 78.6%-26.6pp | 79.3%-27.3pp | 71.5%-19.5pp |
| Annual return | -15.04% | -10.01%-5.0pp | -14.98%-0.1pp | 32.84%-47.9pp |
| Employer contribution / active EE | $333 | $2,497-86.7% | $4,232-92.1% | $2,507-86.7% |
| Participant deferral / active EE | $3,249 | $4,490-27.6% | $5,601-42.0% | $4,311-24.6% |
| Admin fee / account holder | $269 | $162+65.7% | $10,328-97.4% | $188+43.0% |