Filed December 22, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $7,659 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $46,987 | $52,884-11.2% | $84,753-44.6% | $55,167-14.8% |
| Participation rate | 64.5% | 67.5%-3.0pp | 76.6%-12.1pp | 69.0%-4.5pp |
| Annual return | 12.77% | 18.03%-5.3pp | 22.78%-10.0pp | 169.23%-156.5pp |
| Employer contribution / active EE | $1,130 | $2,233-49.4% | $3,574-68.4% | $1,963-42.4% |
| Participant deferral / active EE | $3,640 | $2,644+37.7% | $3,712-1.9% | $3,054+19.2% |
| Admin fee / account holder | $127 | $581-78.2% | $5,333-97.6% | $504-74.9% |