Filed February 25, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC4+ years Filed as: BB&T SECURITIES LLC Service code 55 901 E BYRD ST · RICHMOND, NC 23219 | Other Commissions | $5,242 |
QRPS, INC.4+ years Filed as: QRPS, INC Service code 13 2724 DISCOVERY DR SUITE 100 · RALEIGH, NC 27616 | Contract Administrator | $3,419 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VALLAGE, CO 80111 | Recordkeeping Fees | $3,147 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,070 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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).
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 | $30,165 | $47,977-37.1% | $154,108-80.4% | $56,289-46.4% |
| Participation rate | 30.5% | 66.2%-35.7pp | 83.0%-52.6pp | 69.9%-39.4pp |
| Annual return | -10.43% | 3.54%-14.0pp | 735.21%-745.6pp | -9.96%-0.5pp |
| Employer contribution / active EE | $0 | $2,169-100.0% | $5,298-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,489 | $2,392-37.7% | $5,081-70.7% | $3,350-55.5% |
| Admin fee / account holder | $52 | $438-88.2% | $13,411-99.6% | $521-90.0% |