Filed June 12, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $23,506 |
VALMARK ADVISERS INC5 years Service code 27 130 SPRINGSIDE DRIVE, STE 300 · AKRON, OH 44333 | Advisory (Plan) | $16,969 |
Filed as: DOWNEAST PENSION SERVICES INC Service code 13 41 CAMPUS DRIVE · NEW GLOUCESTER, ME 04260 | Contract Administrator | $4,208 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,957 | $47,163-68.3% | $149,696-90.0% | $74,460-79.9% |
| Participation rate | 65.1% | 63.4%+1.7pp | 78.8%-13.7pp | 70.7%-5.7pp |
| Annual return | 14.98% | 22.75%-7.8pp | 134.46%-119.5pp | 34.38%-19.4pp |
| Employer contribution / active EE | $283 | $1,907-85.2% | $4,821-94.1% | $2,638-89.3% |
| Participant deferral / active EE | $1,847 | $2,730-32.3% | $5,682-67.5% | $4,530-59.2% |
| Admin fee / account holder | $158 | $343-53.9% | $13,212-98.8% | $348-54.6% |