Filed February 25, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC3+ years Filed as: BB&T SECURITIES LLC Service code 55 901 E BYRD ST · RICHMOND, NC 23219 | Other Commissions | $5,995 |
QRPS, INC.3+ years Filed as: QRPS, INC Service code 13 2724 DISCOVERY DR SUITE 100 · RALEIGH, NC 27616 | Contract Administrator | $2,900 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VALLAGE, CO 80111 | Recordkeeping Fees | $2,477 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $661 |
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 | $38,066 | $55,453-31.4% | $170,435-77.7% | $62,293-38.9% |
| Participation rate | 30.8% | 66.4%-35.6pp | 83.6%-52.8pp | 69.5%-38.7pp |
| Annual return | 18.03% | 21.38%-3.3pp | 205.94%-187.9pp | 28.90%-10.9pp |
| Employer contribution / active EE | $0 | $2,164-100.0% | $5,432-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,784 | $2,303-22.5% | $4,939-63.9% | $3,169-43.7% |
| Admin fee / account holder | $43 | $455-90.5% | $13,881-99.7% | $479-91.0% |