Filed November 9, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $425 |
GROUP HEALTH & BENEFIT ADMIN1+ years Filed as: GROUP HEALTH & BENEFIT ADMIN., INC. Service code 13 546 MAIN STREET, SUITE 101 · WORCESTER, MA 01608 | Contract Administrator | $386 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $8,159 | $56,287-85.5% | $80,977-89.9% | $62,881-87.0% |
| Participation rate | 51.5% | 68.9%-17.4pp | 75.8%-24.3pp | 69.3%-17.8pp |
| Annual return | 12.45% | 22.13%-9.7pp | 17.11%-4.7pp | 20.14%-7.7pp |
| Employer contribution / active EE | $1,619 | $1,943-16.7% | $3,715-56.4% | $2,281-29.0% |
| Participant deferral / active EE | $2,617 | $4,196-37.6% | $5,696-54.1% | $3,203-18.3% |
| Admin fee / account holder | $0 | $3,742-100.0% | $5,517-100.0% | $4,296-100.0% |