Filed June 1, 2023
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $120,376 |
MMA SECURITIES LLC1 year Service code 27 PO BOX 9497 · NEW YORK, NY 10087 | Advisory (Plan) | $24,333 |
BOON ADMINISTRATIVE SERVICES INC2+ years Filed as: BOON ADMINISTRATIVE SERVICES, INC. Service code 13 6300 BRIDGEPOINT PKWY · AUSTIN, TX 78730 | Contract Administrator | $11,121 |
BOON ADMINISTRATIVE SERVICES INC2+ years Filed as: BOON INVESTMENT GROUP Service code 27 6300 BRIDGEPOINT PARKWAY · AUSTIN, TX 78730 | Advisory (Plan) | $7,090 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $220 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $3,891 | $107,045-96.4% | $108,745-96.4% | $63,975-93.9% |
| Participation rate | 100.0% | 81.9%+18.1pp | 77.7%+22.3pp | 71.1%+28.9pp |
| Annual return | 8.53% | 18.14%-9.6pp | 46.22%-37.7pp | 48.65%-40.1pp |
| Employer contribution / active EE | $2,162 | $2,651-18.4% | $3,323-34.9% | $2,182-0.9% |
| Participant deferral / active EE | $0 | $4,292-100.0% | $5,121-100.0% | $3,356-100.0% |
| Admin fee / account holder | $89 | $67+32.9% | $6,144-98.5% | $70+26.7% |