Filed September 23, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GALLAGHER BENEFIT SERVICES INC DBA Service code 27 1100 SUPERIOR AVE STE 1700 · CLEVELAND, OH 44114 | Advisory (Plan) | $27,000 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $24,497 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,503 | $47,163-9.9% | $149,696-71.6% | $74,460-42.9% |
| Participation rate | 72.6% | 63.4%+9.2pp | 78.8%-6.1pp | 70.7%+1.9pp |
| Annual return | 18.26% | 22.75%-4.5pp | 134.46%-116.2pp | 34.38%-16.1pp |
| Employer contribution / active EE | $1,422 | $1,907-25.4% | $4,821-70.5% | $2,638-46.1% |
| Participant deferral / active EE | $4,998 | $2,730+83.1% | $5,682-12.0% | $4,530+10.3% |
| Admin fee / account holder | $99 | $343-71.1% | $13,212-99.3% | $348-71.6% |