Filed February 25, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC2+ years Filed as: BB&T SECURITIES LLC Service code 55 901 E BYRD ST · RICHMOND, NC 23219 | Other Commissions | $4,909 |
QRPS, INC.2+ years Filed as: QRPS, INC Service code 13 2724 DISCOVERY DR SUITE 100 · RALEIGH, NC 27616 | Contract Administrator | $2,517 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VALLAGE, CO 80111 | Recordkeeping Fees | $2,225 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $347 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $31,520 | $46,732-32.6% | $156,551-79.9% | $55,167-42.9% |
| Participation rate | 33.3% | 65.8%-32.5pp | 84.0%-50.7pp | 69.0%-35.7pp |
| Annual return | 6.38% | 17.72%-11.3pp | 32.23%-25.8pp | 169.23%-162.8pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,751 | $2,204-20.6% | $4,871-64.1% | $3,054-42.7% |
| Admin fee / account holder | $43 | $418-89.7% | $13,028-99.7% | $504-91.5% |