Filed October 10, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $59,274 |
Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735 | Advisory (Plan) | $43,473 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,816 | $89,465-25.3% | $165,100-59.5% | $77,762-14.1% |
| Participation rate | 73.1% | 78.6%-5.5pp | 78.6%-5.5pp | 70.6%+2.5pp |
| Annual return | 12.02% | 28.86%-16.8pp | 70.21%-58.2pp | 31.27%-19.3pp |
| Employer contribution / active EE | $313 | $2,565-87.8% | $4,348-92.8% | $2,728-88.5% |
| Participant deferral / active EE | $3,793 | $4,904-22.7% | $6,035-37.1% | $4,651-18.4% |
| Admin fee / account holder | $383 | $340+12.8% | $12,696-97.0% | $433-11.4% |