Filed March 20, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AXA ADVISORS LLC Service code 27 1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104 | Advisory (Plan) | $14,369 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $7,600 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $61 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,035 | $55,449-67.5% | $83,848-78.5% | $56,287-68.0% |
| Participation rate | 94.5% | 68.0%+26.5pp | 76.1%+18.3pp | 69.9%+24.6pp |
| Annual return | -2.35% | -1.38%-1.0pp | 850.88%-853.2pp | -9.96%+7.6pp |
| Employer contribution / active EE | $1,417 | $2,430-41.7% | $3,631-61.0% | $2,111-32.9% |
| Participant deferral / active EE | $2,951 | $2,935+0.5% | $4,082-27.7% | $3,350-11.9% |
| Admin fee / account holder | $97 | $656-85.2% | $5,478-98.2% | $521-81.4% |