Retirement plan

GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN

Name: PLAN FIDUCIARY SERVICES, INC. - GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: PLAN FIDUCIARY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN, PLAN FIDUCIARY SERVICES, INC.

PLAN FIDUCIARY SERVICES, INC.EIN 27-3523833Plan #003PY 2023

2454 N MCMULLEN BOOTH ROAD, ST 431 - CLEARWATER, FL 33759813-281-0707

Other plans on this EIN

5 filings

#004Retirement-$181.1M assets #008Retirement-$60.1M assets #009Retirement-$59.8M assets #007Retirement-$7.7M assets #005Retirement-$2.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.4M

+38.4% from 2022

Total participants

136

-19.3% from 2022

Average account balance

$142,909

+79.1% from 2022

Annual return

13.97%

+6.93 pp from 2022

Benchmarks

See 7,175 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,175 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$20.47M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$160K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

128

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$700

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMERICAN REALTY ADVISORS3+ years Filed as: AMERICAN PENSION SERVICES, LLC Service code 13 2451 N. MCMULLEN BOOTH ROAD · CLEARWATER, FL 33759	Contract Administrator	$51,011
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$33,456
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004	Other Commissions	$21,461
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 99 4860 COLLEGE BLVD. STE 100 · LEAWOOD, KS 66211	Other Fees	$9,134

Plan features & details

Pension benefit codes2A2E2G2J2S2W3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$94K

$1172 / participant

Contract admin$94K100.0%

% of EOY assets

0.509%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD,PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,909

$125,814+13.6%

$170,055-16.0%

$75,184+90.1%

Participation rate

91.3%

83.6%+7.6pp

87.0%+4.2pp

67.2%+24.0pp

Annual return

13.97%

27.20%-13.2pp

53.43%-39.5pp

160.78%-146.8pp

Employer contribution / active EE

$5,673

$4,617+22.9%

$6,790-16.4%

$2,671+112.4%

Participant deferral / active EE

$7,281

$6,839+6.5%

$10,410-30.1%

$4,127+76.4%

Admin fee / account holder

$727

$8,177-91.1%

$12,828-94.3%

$5,652-87.1%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS3+ years

Filed as: AMERICAN PENSION SERVICES, LLC

Service code 13

2451 N. MCMULLEN BOOTH ROAD · CLEARWATER, FL 33759

Contract Administrator

$51,011

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$33,456

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004

Other Commissions

$21,461

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 99

4860 COLLEGE BLVD. STE 100 · LEAWOOD, KS 66211

Other Fees

$9,134

GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion