Filed January 4, 2018
| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE & ANNUITY Service code 15 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $205,150 |
MERCER6+ years Service code 16 · EIN 61-0736136 | Consulting | $175,000 |
EXECUTIVE DIRECTOR6+ years Service code 30 · EIN 52-1529689 | Employee (plan); Direct payment from ... | $135,652 |
EXECUTIVE DIRECTOR6+ years Filed as: ASSISTANT EXECUTIVE DIRECTOR Service code 30 · EIN 52-1529689 | Employee (plan); Direct payment from ... | $94,439 |
THE BANK OF NEW YORK MELLON5 years Filed as: BNY MELLON TRUST Service code 13 · EIN 04-1107280 | Contract Administrator | $44,975 |
INVESCO3 years Filed as: INVESCO (PRIMCO CAPITAL MANAGEMENT) Service code 27 · EIN 61-1190024 | Advisory (Plan) | $38,849 |
UHY LLP6+ years Service code 10 · EIN 20-0694403 | Accounting | $34,975 |
Filed as: FIDELITY E401K Service code 15 · EIN 23-2640992 | Recordkeeping | $34,561 |
VINCENT LOMBARDI6+ years Service code 27 · EIN 52-1529689 | Advisory (Plan) | $17,064 |
BRIAN FREEMAN6+ years Filed as: BRIAN WELLS Service code 27 · EIN 52-1529689 | Advisory (Plan) | $11,376 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $259,540 | $110,699+134.5% | $177,839+45.9% | $90,274+187.5% |
| Participation rate | 66.5% | 88.3%-21.9pp | 87.7%-21.2pp | 73.4%-6.9pp |
| Annual return | 11.97% | 22.79%-10.8pp | 48.33%-36.4pp | 53.97%-42.0pp |
| Employer contribution / active EE | $4,830 | $4,118+17.3% | $5,919-18.4% | $2,523+91.4% |
| Participant deferral / active EE | $5,184 | $6,731-23.0% | $7,714-32.8% | $4,231+22.5% |
| Admin fee / account holder | $352 | $90+291.4% | $12,432-97.2% | $114+208.9% |