Filed July 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST TRUST COMPANY, LLC (NY) Service code 15 · EIN 84-0467907 | Recordkeeping | $677 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,076 | $58,910-52.3% | $178,510-84.3% | $73,501-61.8% |
| Participation rate | 57.9% | 66.2%-8.4pp | 81.9%-24.1pp | 70.7%-12.8pp |
| Annual return | 11.53% | 24.86%-13.3pp | 151.13%-139.6pp | 28.51%-17.0pp |
| Employer contribution / active EE | $577 | $2,236-74.2% | $5,011-88.5% | $2,270-74.6% |
| Participant deferral / active EE | $0 | $2,568-100.0% | $5,202-100.0% | $3,740-100.0% |
| Admin fee / account holder | $3 | $400-99.3% | $13,988-100.0% | $513-99.4% |