Filed December 28, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $303,650 |
Filed as: GALLAGHER BENEFIT SERVIES, INC Service code 27 · EIN 36-4291971 | Advisory (Plan) | $81,383 |
THE ANGELL PENSION GROUP, INC.10+ years Service code 13 · EIN 04-2530412 | Contract Administrator | $59,187 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $6,020 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $68,464 | $48,744+40.5% | $93,727-27.0% | $200,096-65.8% |
| Participation rate | 51.8% | 63.7%-11.9pp | 68.7%-16.9pp | 72.0%-20.2pp |
| Annual return | 10.18% | 15.36%-5.2pp | 133.83%-123.7pp | 34.26%-24.1pp |
| Employer contribution / active EE | $1,265 | $1,140+11.0% | $2,421-47.7% | $3,038-58.3% |
| Participant deferral / active EE | $1,974 | $2,825-30.1% | $4,417-55.3% | $5,090-61.2% |
| Admin fee / account holder | $337 | $195+72.5% | $8,292-95.9% | $269+25.0% |