Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
THE FINWAY GROUP1 year Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $21,911 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HWY, SUITE B60 · SAN RAFAEL, CA 94903 | Advisory (Plan) | $20,875 |
Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,586 |
Filed as: ADVISED ASSETS GROUP LLC Service code 27 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Advisory (Plan) | $1,286 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,757 | $79,438-50.0% | $106,554-62.7% | $79,389-49.9% |
| Participation rate | 96.3% | 74.2%+22.1pp | 76.1%+20.1pp | 70.7%+25.6pp |
| Annual return | 17.22% | 18.27%-1.0pp | 26.80%-9.6pp | 116.89%-99.7pp |
| Employer contribution / active EE | $1,868 | $2,235-16.4% | $2,819-33.7% | $2,428-23.0% |
| Participant deferral / active EE | $3,022 | $3,824-21.0% | $4,398-31.3% | $4,046-25.3% |
| Admin fee / account holder | $354 | $523-32.3% | $7,408-95.2% | $626-43.5% |