Filed September 19, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $195,524 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 · EIN 84-0467907 | Investment Management | $62,517 |
Service code 25 · EIN 13-5570651 | Directed Trustee | $32,662 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $82,497 | $46,173+78.7% | $170,442-51.6% | $69,631+18.5% |
| Participation rate | 63.8% | 63.9%-0.1pp | 83.6%-19.8pp | 70.7%-6.9pp |
| Annual return | 17.68% | 21.62%-3.9pp | 205.93%-188.2pp | 27571.02%-27553.3pp |
| Employer contribution / active EE | $2,241 | $1,610+39.2% | $5,433-58.7% | $2,032+10.3% |
| Participant deferral / active EE | $3,944 | $2,080+89.6% | $4,939-20.2% | $3,224+22.3% |
| Admin fee / account holder | $314 | $116+171.0% | $13,880-97.7% | $110+184.6% |