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 | $30,544 |
STRATEGIC FINANCIAL SERVICES4 years Service code 27 114 BUSINESS PARK DR · UTICA, NY 13502 | Advisory (Plan) | $22,197 |
Service code 13 376 ALBANY SHAKER ROAD · ALBANY, NY 12211 | Contract Administrator | $10,033 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $27,631 | $66,124-58.2% | $90,404-69.4% | $73,488-62.4% |
| Participation rate | 57.6% | 69.7%-12.1pp | 72.7%-15.1pp | 70.7%-13.1pp |
| Annual return | 2.25% | 17.65%-15.4pp | 1293.02%-1290.8pp | 28.51%-26.3pp |
| Employer contribution / active EE | $1,186 | $2,346-49.5% | $3,262-63.7% | $2,270-47.8% |
| Participant deferral / active EE | $857 | $3,039-71.8% | $3,963-78.4% | $3,740-77.1% |
| Admin fee / account holder | $317 | $396-20.0% | $5,611-94.4% | $513-38.2% |