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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $375 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,861 | $89,652-54.4% | $141,177-71.1% | $65,185-37.3% |
| Participation rate | 42.5% | 74.7%-32.2pp | 82.5%-40.0pp | 70.2%-27.7pp |
| Annual return | 22.70% | 32.79%-10.1pp | 71.40%-48.7pp | 29.38%-6.7pp |
| Employer contribution / active EE | $0 | $3,065-100.0% | $4,736-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $4,128 | $5,691-27.5% | $6,710-38.5% | $3,514+17.5% |
| Admin fee / account holder | $5 | $569-99.2% | $10,263-100.0% | $847-99.5% |