Filed February 15, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES1 year Filed as: EDELMAN FINANCIAL ENGINES, LLC Service code 13 · EIN 94-3250323 | Contract Administrator | $108,899 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $260 |
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 | $54,804 | $43,496+26.0% | $161,489-66.1% | $64,340-14.8% |
| Participation rate | 83.8% | 53.5%+30.3pp | 78.7%+5.1pp | 55.2%+28.6pp |
| Annual return | 12.17% | 20.76%-8.6pp | 89.72%-77.6pp | 24.14%-12.0pp |
| Employer contribution / active EE | $1,907 | $1,431+33.3% | $4,268-55.3% | $1,862+2.4% |
| Participant deferral / active EE | $5,012 | $1,996+151.1% | $5,630-11.0% | $2,980+68.2% |
| Admin fee / account holder | $318 | $2,330-86.4% | $16,006-98.0% | $3,703-91.4% |