Filed March 8, 2017 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907 | Recordkeeping | $114,037 |
CHARLES SCHWAB & CO., INC.9 years Service code 26 · EIN 94-1737782 | Advisory (Participants) | $1,123 |
Service code 16 · EIN 34-1820650 | Consulting | $800 |
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 | $184,855 | $122,128+51.4% | $147,117+25.7% | $200,096-7.6% |
| Participation rate | 83.4% | 78.2%+5.2pp | 82.2%+1.2pp | 72.0%+11.4pp |
| Annual return | 12.49% | 30.58%-18.1pp | 420.54%-408.1pp | 34.26%-21.8pp |
| Employer contribution / active EE | $7,490 | $4,093+83.0% | $4,932+51.8% | $3,038+146.6% |
| Participant deferral / active EE | $7,932 | $8,484-6.5% | $8,065-1.6% | $5,090+55.8% |
| Admin fee / account holder | $72 | $180-60.2% | $12,993-99.4% | $269-73.4% |