Filed March 13, 2025
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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 | $43,786 |
Filed as: UBS FINANCIAL SERVICES INC. Service code 27 PO BOX 198928 · NASHVILLE, TN 37238 | Advisory (Plan) | $41,642 |
NOVA 401(K) ASSOCIATES7 years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $16,771 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $9,064 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,797 | $46,464-81.1% | $150,298-94.1% | $79,634-89.0% |
| Participation rate | 99.9% | 57.0%+42.9pp | 77.8%+22.1pp | 62.5%+37.4pp |
| Annual return | 21.67% | 27.89%-6.2pp | 62.79%-41.1pp | 36.46%-14.8pp |
| Employer contribution / active EE | $563 | $1,512-62.8% | $4,154-86.4% | $2,529-77.7% |
| Participant deferral / active EE | $1,392 | $2,157-35.5% | $5,453-74.5% | $3,835-63.7% |
| Admin fee / account holder | $89 | $891-90.0% | $14,116-99.4% | $1,002-91.1% |