Filed March 7, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $10,707 |
Filed as: SEASIDE NATIONAL BANK & TRUST, INC. Service code 99 201 SOUTH ORANGE AVENUE · ORLANDO, FL 32801 | Other Fees | $6,682 |
PENSERV PLAN SERVICES, INC.2+ years Filed as: PENSERVCO, INC. Service code 13 600 BYPASS DRIVE · CLEARWATER, FL 33764 | Contract Administrator | $5,083 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $88 |
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).
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 | $28,196 | $50,898-44.6% | $171,082-83.5% | $55,167-48.9% |
| Participation rate | 35.6% | 63.3%-27.7pp | 76.7%-41.1pp | 69.0%-33.4pp |
| Annual return | 14.43% | 15.34%-0.9pp | 32.56%-18.1pp | 169.23%-154.8pp |
| Employer contribution / active EE | $912 | $1,433-36.4% | $4,002-77.2% | $1,963-53.5% |
| Participant deferral / active EE | $1,305 | $2,994-56.4% | $4,797-72.8% | $3,054-57.3% |
| Admin fee / account holder | $145 | $500-70.9% | $8,520-98.3% | $504-71.2% |