Filed July 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $12,548 |
MILLIMAN, INC.1 year Service code 27 10000 N CENTRAL EXPY STE 1500 · DALLAS, TX 75231 | Advisory (Plan) | $2,588 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,474 | $61,125+7.1% | $108,582-39.7% | $63,975+2.3% |
| Participation rate | 41.4% | 80.5%-39.1pp | 79.6%-38.2pp | 71.1%-29.7pp |
| Annual return | 6.73% | 14.06%-7.3pp | -51.70%+58.4pp | 48.65%-41.9pp |
| Employer contribution / active EE | $246 | $2,237-89.0% | $3,758-93.5% | $2,182-88.7% |
| Participant deferral / active EE | $1,800 | $3,574-49.6% | $4,311-58.3% | $3,356-46.4% |
| Admin fee / account holder | $9 | $72-87.2% | $7,645-99.9% | $70-86.9% |