Filed December 13, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907 | Recordkeeping | $188,052 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS INS AGENCY INC Service code 55 · EIN 54-0910269 | Other Commissions | $21,253 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $17 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,466 | $46,332+47.8% | $143,799-52.4% | $64,819+5.6% |
| Participation rate | 26.5% | 64.2%-37.8pp | 80.3%-53.8pp | 71.5%-45.0pp |
| Annual return | -13.14% | -10.05%-3.1pp | -0.04%-13.1pp | 32.84%-46.0pp |
| Employer contribution / active EE | $520 | $1,911-72.8% | $4,952-89.5% | $2,507-79.3% |
| Participant deferral / active EE | $2,838 | $2,647+7.2% | $5,638-49.7% | $4,311-34.2% |
| Admin fee / account holder | $388 | $154+152.3% | $14,677-97.4% | $188+106.6% |