Filed September 18, 2018
| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907 | Recordkeeping | $725,128 |
Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $182,123 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782 | Direct payment from the plan; Securit... | $13,979 |
STRATOS WEALTH PARTNERS2+ years Filed as: STRATOS WEALTH PARTNERS LTD Service code 26 · EIN 27-5273468 | Advisory (Participants) | $11,653 |
Filed as: CHARLES SCHWAB & CO. INC. Service code 59 | Shareholder Servicing | $0 |
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).
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 | $53,687 | $126,925-57.7% | $74,184-27.6% | $329,111-83.7% |
| Participation rate | 97.9% | 87.5%+10.4pp | 76.6%+21.3pp | 67.9%+30.1pp |
| Annual return | 11.32% | 10.67%+0.7pp | 17.74%-6.4pp | 16.35%-5.0pp |
| Employer contribution / active EE | $3,318 | $3,536-6.2% | $2,370+40.0% | $2,303+44.0% |
| Participant deferral / active EE | $6,148 | $6,619-7.1% | $3,550+73.2% | $3,682+67.0% |
| Admin fee / account holder | $10 | $64-85.0% | $5,586-99.8% | $754-98.7% |