Filed October 31, 2022
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC1+ years Filed as: SECURITIES AMERICA, INC. Service code 55 | Other Commissions | $25,538 |
SKILLMAN GROUP PLC1+ years Filed as: SKILLMAN GROUP, PLC Service code 10 2150 BUTTERFIELD DR. SUITE 210 · TROY, MI 48084 | Accounting | $24,980 |
Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,599 |
GREAT LAKES ADVISORS, LLC1+ years Filed as: GREAT LAKES PENSION ASSOCIATES, INC Service code 13 · EIN 38-2438760 37923 W. TWELVE MILE ROAD · FARMINGTON HILLS, MI 48331 | Contract Administrator | $6,177 |
Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,353 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR, INC. Service code 99 5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674 | Other Fees | $1,225 |
Filed as: SECURTIES AMERICA, INC. Service code 55 12325 PORT GRACIE BLVD. · LA VISTA, NE 68128 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $96,257 | $39,245+145.3% | $64,105+50.2% | $52,331+83.9% |
| Participation rate | 41.1% | 58.2%-17.1pp | 68.2%-27.0pp | 68.1%-27.0pp |
| Annual return | -2.24% | 14.79%-17.0pp | 791.24%-793.5pp | 4.54%-6.8pp |
| Employer contribution / active EE | $375 | $736-49.0% | $1,820-79.4% | $1,882-80.1% |
| Participant deferral / active EE | $2,416 | $1,992+21.3% | $2,822-14.4% | $3,022-20.1% |
| Admin fee / account holder | $645 | $592+8.8% | $4,499-85.7% | $592+9.0% |