Filed September 9, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $173,853 |
Service code 27 PO BOX 198928 · NASHVILLE, TN 37238 | Advisory (Plan) | $60,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $105,375 | $48,744+116.2% | $93,696+12.5% | $199,960-47.3% |
| Participation rate | 30.5% | 63.7%-33.2pp | 68.7%-38.3pp | 72.0%-41.5pp |
| Annual return | 15.03% | 15.36%-0.3pp | 133.74%-118.7pp | 34.28%-19.2pp |
| Employer contribution / active EE | $404 | $1,140-64.6% | $2,422-83.3% | $3,036-86.7% |
| Participant deferral / active EE | $2,055 | $2,825-27.3% | $4,417-53.5% | $5,087-59.6% |
| Admin fee / account holder | $240 | $195+22.8% | $8,287-97.1% | $269-11.0% |