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 | $45,343+20.9% | $150,298-63.5% | $67,986-19.4% |
| Participation rate | 83.8% | 51.9%+32.0pp | 77.8%+6.1pp | 57.2%+26.6pp |
| Annual return | 12.17% | 33.28%-21.1pp | 62.79%-50.6pp | 31.67%-19.5pp |
| Employer contribution / active EE | $1,907 | $1,462+30.4% | $4,154-54.1% | $2,019-5.5% |
| Participant deferral / active EE | $5,012 | $2,055+143.9% | $5,453-8.1% | $3,358+49.2% |
| Admin fee / account holder | $318 | $2,250-85.9% | $14,116-97.7% | $3,203-90.1% |