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| Provider | Service type | Compensation |
|---|---|---|
Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556 | Advisory (Plan) | $21,060 |
Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $8,545 |
THE FINWAY GROUP1 year Filed as: THE FINWAY GROUP LLC Service code 13 · EIN 42-1468222 5625 MILLS CIVIC PARKWAY STE 101 · W DES MOINES, IA 50266 | Contract Administrator | $1,350 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $71,041 | $54,045+31.4% | $115,170-38.3% | $65,185+9.0% |
| Participation rate | 65.3% | 63.5%+1.8pp | 75.9%-10.6pp | 70.2%-4.9pp |
| Annual return | 23.78% | 26.55%-2.8pp | 35.60%-11.8pp | 29.38%-5.6pp |
| Employer contribution / active EE | $1,420 | $1,653-14.1% | $3,179-55.3% | $2,177-34.7% |
| Participant deferral / active EE | $2,459 | $2,504-1.8% | $4,169-41.0% | $3,514-30.0% |
| Admin fee / account holder | $365 | $626-41.7% | $7,089-94.9% | $847-56.9% |