Filed January 25, 2021
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| Provider | Service type | Compensation |
|---|---|---|
KDV WEALTH MANAGEMENT, LLC5+ years Filed as: KDV WEALTH MANAGEMENT Service code 27 3800 AMERICAN BLVD · BLOOMINGTON, MN 55431 | Advisory (Plan) | $23,043 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $19,754 |
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES Service code 13 8009 34TH AVE S · MINNEAPOLIS, MN 55425 | Contract Administrator | $7,866 |
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.)
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 | $41,375 | $54,045-23.4% | $115,170-64.1% | $65,185-36.5% |
| Participation rate | 83.1% | 63.5%+19.6pp | 75.9%+7.2pp | 70.2%+12.9pp |
| Annual return | 22.54% | 26.55%-4.0pp | 35.60%-13.1pp | 29.38%-6.8pp |
| Employer contribution / active EE | $184 | $1,653-88.9% | $3,179-94.2% | $2,177-91.6% |
| Participant deferral / active EE | $2,717 | $2,504+8.5% | $4,169-34.8% | $3,514-22.7% |
| Admin fee / account holder | $363 | $626-41.9% | $7,089-94.9% | $847-57.1% |