Filed July 13, 2021
Total covered: 11 employees
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $8,869 |
Service code 27 114 BUSINESS PARK DR · UTICA, NY 13502 | Advisory (Plan) | $7,790 |
Service code 13 376 ALBANY SHAKER ROAD · ALBANY, NY 12211 | Contract Administrator | $5,320 |
METLIFE LIFE INSURANCE COMPANY2+ years Service code 64 · EIN 13-5581829 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277 | Recordkeeping Fees | $1,494 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $24,353 | $50,637-51.9% | $86,590-71.9% | $62,292-60.9% |
| Participation rate | 51.9% | 67.9%-16.0pp | 73.5%-21.7pp | 69.5%-17.7pp |
| Annual return | 9.41% | 20.80%-11.4pp | 964.84%-955.4pp | 28.90%-19.5pp |
| Employer contribution / active EE | $1,123 | $2,075-45.9% | $2,839-60.4% | $2,042-45.0% |
| Participant deferral / active EE | $489 | $2,611-81.3% | $3,609-86.5% | $3,169-84.6% |
| Admin fee / account holder | $68 | $413-83.7% | $4,906-98.6% | $479-85.9% |