Filed January 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $35,559 |
Filed as: CASE PEARLMAN ADVISORS, LLC Service code 27 12140 CARISSA COMMERCE CT., · FORT MYERS, FL 33966 | Advisory (Plan) | $35,521 |
PROGRESSIVE PENSION ADMIN., INC.7+ years Service code 13 4560 VIA ROYALE, SUITE 4A · FORT MYERS, FL 33919 | Contract Administrator | $10,000 |
Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $9,025 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,385 | $86,225-30.0% | $146,643-58.8% | $86,821-30.4% |
| Participation rate | 56.0% | 78.0%-21.9pp | 80.1%-24.0pp | 72.3%-16.3pp |
| Annual return | 37.40% | 31.23%+6.2pp | 22.75%+14.7pp | 97.94%-60.5pp |
| Employer contribution / active EE | $851 | $2,392-64.4% | $4,137-79.4% | $2,406-64.6% |
| Participant deferral / active EE | $2,239 | $4,245-47.3% | $5,506-59.3% | $4,132-45.8% |
| Admin fee / account holder | $314 | $195+60.8% | $10,280-96.9% | $170+85.2% |