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 | $46,688+17.4% | $189,758-71.1% | $69,733-21.4% |
| Participation rate | 83.8% | 61.7%+22.1pp | 79.8%+4.0pp | 62.5%+21.4pp |
| Annual return | 12.17% | 14.35%-2.2pp | 52.62%-40.5pp | 15.22%-3.1pp |
| Employer contribution / active EE | $1,907 | $1,695+12.5% | $4,767-60.0% | $2,250-15.3% |
| Participant deferral / active EE | $5,012 | $2,143+133.9% | $5,856-14.4% | $3,054+64.1% |
| Admin fee / account holder | $318 | $1,700-81.3% | $20,388-98.4% | $3,102-89.7% |