Filed August 24, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $29,913 |
Service code 53 · EIN 74-2794194 | Insurance Commissions | $0 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,752 | $64,176+5.6% | $112,263-39.6% | $66,949+1.2% |
| Participation rate | 38.9% | 68.4%-29.6pp | 75.1%-36.2pp | 69.8%-30.9pp |
| Annual return | -15.97% | -13.80%-2.2pp | 27.49%-43.5pp | 1.57%-17.5pp |
| Employer contribution / active EE | $1,381 | $3,007-54.1% | $3,636-62.0% | $2,545-45.7% |
| Participant deferral / active EE | $2,719 | $3,694-26.4% | $4,729-42.5% | $4,239-35.9% |
| Admin fee / account holder | $394 | $626-37.0% | $6,410-93.8% | $594-33.6% |