Filed January 25, 2021
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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 | $27,454 |
KDV WEALTH MANAGEMENT, LLC2+ years Filed as: KDV WEALTH MANAGEMENT Service code 27 220 PARK AVENUE SO · ST. CLOUD, MN 56301 | Advisory (Plan) | $18,088 |
GOLDLEAF PARTNERS2+ years Service code 13 PO BOX 806 · BRAINERD, MN 56401 | Contract Administrator | $3,645 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,677 | $50,643-21.7% | $106,619-62.8% | $55,167-28.1% |
| Participation rate | 77.8% | 65.6%+12.2pp | 78.0%-0.2pp | 69.0%+8.8pp |
| Annual return | 7.68% | 7.02%+0.7pp | 9.42%-1.7pp | 169.23%-161.5pp |
| Employer contribution / active EE | $160 | $1,626-90.1% | $3,947-95.9% | $1,963-91.8% |
| Participant deferral / active EE | $2,369 | $2,208+7.3% | $3,930-39.7% | $3,054-22.4% |
| Admin fee / account holder | $362 | $488-25.8% | $6,418-94.4% | $504-28.1% |