Filed June 25, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $41,437 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $22,831 |
SECURITIES AMERICA INC3 years Filed as: SECURITIES AMERICA INC. Service code 55 12325 PORT GRACE BOULEVARD · LA VISTA, NE 68103 | Other Commissions | $20,870 |
ASSOCIATED PENSION CONSULTANTS9+ years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 13 · EIN 11-3271022 401 BROADHOLLOW ROAD · MELVILLE, NY 11747 | Contract Administrator | $4,446 |
Service code 99 6504 BRIDGE POINT PARKWAY · AUSTIN, TX 78730 | Other Fees | $3,641 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $90,764 | $65,390+38.8% | $169,368-46.4% | $71,457+27.0% |
| Participation rate | 59.2% | 67.0%-7.8pp | 77.1%-17.9pp | 67.9%-8.7pp |
| Annual return | 13.85% | 21.31%-7.5pp | 405.60%-391.7pp | 28.85%-15.0pp |
| Employer contribution / active EE | $1,381 | $2,079-33.6% | $4,013-65.6% | $2,588-46.6% |
| Participant deferral / active EE | $5,790 | $4,367+32.6% | $6,221-6.9% | $4,289+35.0% |
| Admin fee / account holder | $743 | $1,324-43.9% | $9,003-91.8% | $1,587-53.2% |