Filed October 19, 2023 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $6,274 |
Filed as: GREAT WEST LIFE ANNUITY INSURANCE Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $27 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,399 | $100,801-48.0% | $149,696-65.0% | $73,409-28.6% |
| Participation rate | 49.5% | 77.7%-28.2pp | 82.5%-33.0pp | 72.2%-22.7pp |
| Annual return | 30.68% | 265.34%-234.7pp | 276.60%-245.9pp | 59.29%-28.6pp |
| Employer contribution / active EE | $1,012 | $3,312-69.4% | $4,644-78.2% | $2,234-54.7% |
| Participant deferral / active EE | $4,099 | $6,404-36.0% | $6,842-40.1% | $3,805+7.7% |
| Admin fee / account holder | $52 | $181-71.3% | $9,309-99.4% | $158-67.1% |