Filed April 12, 2023
Total covered: 10 employees
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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 | $19,914 |
Filed as: EDWARD D JONES & CO LP Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131 | Advisory (Plan) | $8,989 |
Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914 | Contract Administrator | $2,385 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $363 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,314 | $48,230+16.8% | $67,502-16.6% | $80,856-30.4% |
| Participation rate | 47.2% | 66.4%-19.1pp | 72.9%-25.7pp | 67.6%-20.4pp |
| Annual return | 15.57% | 18.28%-2.7pp | 3512.12%-3496.6pp | 35.59%-20.0pp |
| Employer contribution / active EE | $2,656 | $2,020+31.5% | $2,731-2.7% | $2,755-3.6% |
| Participant deferral / active EE | $4,103 | $2,924+40.3% | $4,000+2.6% | $4,296-4.5% |
| Admin fee / account holder | $150 | $3,681-95.9% | $3,998-96.2% | $6,918-97.8% |