Filed May 24, 2022 (most recent of 2 filings on file)
Total covered: 20 employees
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| Provider | Service type | Compensation |
|---|---|---|
MMA SECURITIES LLC1+ years Service code 27 PO BOX 9497 · NEW YORK, NY 10087 | Advisory (Plan) | $15,198 |
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $2,555 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $22,588 | $47,163-52.1% | $149,696-84.9% | $74,460-69.7% |
| Participation rate | 30.0% | 63.4%-33.5pp | 78.8%-48.8pp | 70.7%-40.8pp |
| Annual return | 13.61% | 22.75%-9.1pp | 134.46%-120.8pp | 34.38%-20.8pp |
| Employer contribution / active EE | $303 | $1,907-84.1% | $4,821-93.7% | $2,638-88.5% |
| Participant deferral / active EE | $1,206 | $2,730-55.8% | $5,682-78.8% | $4,530-73.4% |
| Admin fee / account holder | $24 | $343-93.1% | $13,212-99.8% | $348-93.2% |