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 | $37,041 |
KDV WEALTH MANAGEMENT, LLC7+ years Filed as: KDV WEALTH MANAGEMENT Service code 27 3800 AMERICAN BLVD · BLOOMINGTON, MN 55431 | Advisory (Plan) | $27,710 |
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC Service code 13 | Contract Administrator | $5,494 |
GOLDLEAF PARTNERS3 years Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES Service code 13 8009 34TH AVE S · MINNEAPOLIS, MN 55425 | Contract Administrator | $3,705 |
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS, INC Service code 13 101 W BROADWAY · SAN DIEGO, CA 92101 | Contract Administrator | $490 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,804 | $65,862-41.1% | $124,693-68.9% | $79,393-51.1% |
| Participation rate | 84.6% | 62.2%+22.3pp | 74.6%+10.0pp | 70.7%+13.9pp |
| Annual return | 15.00% | 19.02%-4.0pp | 5144.19%-5129.2pp | 116.87%-101.9pp |
| Employer contribution / active EE | $445 | $1,883-76.4% | $3,324-86.6% | $2,428-81.7% |
| Participant deferral / active EE | $3,374 | $2,772+21.7% | $4,615-26.9% | $4,046-16.6% |
| Admin fee / account holder | $308 | $673-54.3% | $7,494-95.9% | $627-50.9% |