Filed September 29, 2022 (most recent of 5 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
UNITED BENEFITS GROUP8 years Service code 13 PO BOX 169005 · KANSAS CITY, MO 64116 | Contract Administrator | $14,731 |
Filed as: INTELLICENTS INVESTMENT SOLUTIONS Service code 27 100 NORTH BROADWAY · ALBERT LEA, MN 56007 | Advisory (Plan) | $5,000 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $3,507 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,584 | $73,149-34.9% | $120,580-60.5% | $77,762-38.8% |
| Participation rate | 52.8% | 55.2%-2.3pp | 72.0%-19.1pp | 70.6%-17.8pp |
| Annual return | 14.91% | 18.24%-3.3pp | 107.48%-92.6pp | 31.27%-16.4pp |
| Employer contribution / active EE | $0 | $1,793-100.0% | $3,469-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $2,154 | $3,006-28.3% | $4,995-56.9% | $4,651-53.7% |
| Admin fee / account holder | $69 | $660-89.5% | $9,418-99.3% | $433-84.0% |