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 | $51,339 |
STRATEGIC FINANCIAL SERVICES2 years Service code 27 114 BUSINESS PARK DR · UTICA, NY 13502 | Advisory (Plan) | $21,426 |
Service code 13 376 ALBANY SHAKER ROAD · ALBANY, NY 12211 | Contract Administrator | $8,692 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $30,033 | $44,873-33.1% | $79,464-62.2% | $56,287-46.6% |
| Participation rate | 52.9% | 68.7%-15.8pp | 73.3%-20.4pp | 69.9%-16.9pp |
| Annual return | 6.90% | 0.81%+6.1pp | 718.14%-711.2pp | -9.96%+16.9pp |
| Employer contribution / active EE | $1,245 | $2,140-41.8% | $2,800-55.5% | $2,111-41.0% |
| Participant deferral / active EE | $569 | $2,746-79.3% | $3,704-84.6% | $3,350-83.0% |
| Admin fee / account holder | $372 | $418-11.1% | $5,113-92.7% | $521-28.6% |