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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $3,879 |
MERRIL LYNCH2 years Filed as: MERILL LYNCH LIFE AGENCY INC Service code 55 | Other Commissions | $3,215 |
NOVA 401(K) ASSOCIATES2 years Service code 13 · EIN 20-1181458 10777 NORTHWEST FWY #440 · HOUSTON, TX 77092 | Contract Administrator | $927 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 55 1215 4TH AVE 26TH FL · SEATTLE, WA 98161 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $67,904 | $80,753-15.9% | $136,298-50.2% | $62,293+9.0% |
| Participation rate | 55.1% | 73.5%-18.4pp | 81.9%-26.8pp | 69.5%-14.4pp |
| Annual return | 13.45% | 35.83%-22.4pp | 5156.27%-5142.8pp | 28.90%-15.4pp |
| Employer contribution / active EE | $1,971 | $2,884-31.6% | $4,696-58.0% | $2,042-3.5% |
| Participant deferral / active EE | $4,612 | $5,164-10.7% | $6,247-26.2% | $3,169+45.5% |
| Admin fee / account holder | $49 | $525-90.7% | $9,244-99.5% | $479-89.9% |