Filed April 2, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $253,177 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $172,588 |
Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101 | Advisory (Plan) | $47,125 |
Service code 10 1605 MAIN ST STE 1010 · SARASOTA, FL 34236 | Accounting | $15,900 |
SENECA FOODS CORPORATION4+ years Service code 99 3736 SO. MAIN ST. · MARION, NY 14505 | Other Fees | $12,195 |
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 | $29,493 | $77,559-62.0% | $68,612-57.0% | $75,289-60.8% |
| Participation rate | 92.6% | 78.3%+14.3pp | 72.2%+20.3pp | 72.4%+20.1pp |
| Annual return | -2.97% | -1.01%-2.0pp | -4.63%+1.7pp | -0.04%-2.9pp |
| Employer contribution / active EE | $399 | $1,993-80.0% | $2,625-84.8% | $2,405-83.4% |
| Participant deferral / active EE | $3,176 | $3,128+1.6% | $3,311-4.1% | $3,739-15.0% |
| Admin fee / account holder | $16 | $90-82.2% | $5,131-99.7% | $102-84.2% |