Filed January 27, 2021
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| Provider | Service type | Compensation |
|---|---|---|
JONES GREGG FINANCIAL3 years Filed as: JONES GREGG FINANCIAL LLC Service code 27 6733 FAIRVIEW RD · CHARLOTTE, NC 282103652 | Advisory (Plan) | $25,249 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,477 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,725 | $65,561-48.6% | $91,541-63.2% | $74,304-54.6% |
| Participation rate | 80.0% | 56.6%+23.4pp | 69.8%+10.2pp | 60.3%+19.7pp |
| Annual return | 14.42% | 17.68%-3.3pp | 20.50%-6.1pp | 29.43%-15.0pp |
| Employer contribution / active EE | $1,152 | $1,717-32.9% | $2,505-54.0% | $2,241-48.6% |
| Participant deferral / active EE | $1,386 | $2,918-52.5% | $4,008-65.4% | $3,767-63.2% |
| Admin fee / account holder | $285 | $3,333-91.5% | $6,956-95.9% | $2,969-90.4% |