Filed October 1, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $95,335 |
Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $146,620 | $91,474+60.3% | $135,982+7.8% | $71,529+105.0% |
| Participation rate | 100.0% | 75.7%+24.3pp | 81.9%+18.1pp | 67.9%+32.1pp |
| Annual return | 13.58% | 29.89%-16.3pp | 68.32%-54.7pp | 28.97%-15.4pp |
| Employer contribution / active EE | $5,756 | $3,705+55.3% | $4,859+18.5% | $2,590+122.3% |
| Participant deferral / active EE | $9,345 | $7,095+31.7% | $7,760+20.4% | $4,291+117.8% |
| Admin fee / account holder | $369 | $1,267-70.9% | $10,767-96.6% | $1,588-76.8% |