Filed April 2, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $113,755 |
Service code 10 1605 MAIN ST STE 1010 · SARASOTA, FL 34236 | Accounting | $5,085 |
SENECA FOODS CORPORATION3+ years Service code 99 3736 SO. MAIN ST. · MARION, NY 14505 | Other Fees | $1,682 |
Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $500 |
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 | $33,173 | $123,286-73.1% | $75,501-56.1% | $77,958-57.4% |
| Participation rate | 86.4% | 78.8%+7.7pp | 72.4%+14.1pp | 71.6%+14.8pp |
| Annual return | 19.16% | 20.45%-1.3pp | 27.35%-8.2pp | 20.87%-1.7pp |
| Employer contribution / active EE | $347 | $2,035-82.9% | $2,352-85.2% | $2,310-85.0% |
| Participant deferral / active EE | $2,799 | $3,095-9.6% | $3,142-10.9% | $3,537-20.8% |
| Admin fee / account holder | $19 | $144-86.7% | $5,801-99.7% | $97-80.3% |