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 | $16,476 |
Filed as: EDWARD D JONES & CO LP Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131 | Advisory (Plan) | $7,319 |
Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914 | Contract Administrator | $949 |
ASCENSUS LLC4 years Filed as: ADMIN PARTNERS, LLC Service code 13 | Contract Administrator | $490 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $78 |
ASCENSUS LLC2 years Filed as: ADMIN PARTNERS LLC Service code 13 200 LAKE DRIVE EAST SUITE 102 · CHERRY HILL, NJ 08002 | Contract Administrator | -$93 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $49,769 | $46,553+6.9% | $64,056-22.3% | $75,163-33.8% |
| Participation rate | 45.5% | 65.9%-20.5pp | 72.3%-26.8pp | 67.2%-21.7pp |
| Annual return | 15.82% | 26.03%-10.2pp | 33.69%-17.9pp | 160.62%-144.8pp |
| Employer contribution / active EE | $2,175 | $1,974+10.2% | $2,747-20.8% | $2,670-18.5% |
| Participant deferral / active EE | $3,502 | $2,837+23.4% | $3,880-9.8% | $4,125-15.1% |
| Admin fee / account holder | $125 | $2,952-95.8% | $3,068-95.9% | $5,651-97.8% |