Filed September 2, 2016
Total covered: 33 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 84-0467907 | Recordkeeping | $14,593 |
Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 15 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $60,844 | $36,700+65.8% | $171,082-64.4% | $63,975-4.9% |
| Participation rate | 55.3% | 61.5%-6.3pp | 76.7%-21.4pp | 71.1%-15.9pp |
| Annual return | 0.00% | 12.80%-12.8pp | 32.56%-32.6pp | 48.65%-48.7pp |
| Employer contribution / active EE | $940 | $1,210-22.3% | $4,002-76.5% | $2,182-56.9% |
| Participant deferral / active EE | $1,210 | $2,696-55.1% | $4,797-74.8% | $3,356-63.9% |
| Admin fee / account holder | $0 | $68-100.0% | $8,520-100.0% | $70-100.0% |