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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,816 | $89,436-25.3% | $164,813-59.5% | $77,643-13.9% |
| Participation rate | 73.1% | 78.6%-5.5pp | 78.6%-5.5pp | 70.6%+2.6pp |
| Annual return | 12.02% | 28.83%-16.8pp | 69.93%-57.9pp | 31.24%-19.2pp |
| Employer contribution / active EE | $313 | $2,569-87.8% | $4,341-92.8% | $2,726-88.5% |
| Participant deferral / active EE | $3,793 | $4,897-22.5% | $6,031-37.1% | $4,647-18.4% |
| Admin fee / account holder | $383 | $339+12.9% | $12,690-97.0% | $430-10.9% |