Filed March 7, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SEASIDE NATIONAL BANK & TRUST, INC. Service code 99 201 SOUTH ORANGE AVENUE · ORLANDO, FL 32801 | Other Fees | $8,638 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $6,622 |
PENSERV PLAN SERVICES, INC.3+ years Filed as: PENSERVCO, INC. Service code 13 600 BYPASS DRIVE · CLEARWATER, FL 33764 | Contract Administrator | $4,876 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $347 |
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 | $36,538 | $52,639-30.6% | $185,117-80.3% | $62,293-41.3% |
| Participation rate | 39.4% | 63.9%-24.5pp | 77.3%-37.9pp | 69.5%-30.1pp |
| Annual return | 17.09% | 19.57%-2.5pp | 40.50%-23.4pp | 28.90%-11.8pp |
| Employer contribution / active EE | $1,120 | $1,483-24.4% | $4,182-73.2% | $2,042-45.1% |
| Participant deferral / active EE | $1,557 | $3,097-49.7% | $5,045-69.1% | $3,169-50.9% |
| Admin fee / account holder | $91 | $374-75.5% | $8,159-98.9% | $479-80.9% |