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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION5 years Filed as: SUMMIT FINANCIAL LLC Service code 27 4 CAMPUS DRIVE · PARSIPPANY, NJ 07054 | Advisory (Plan) | $64,798 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $45,785 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $8,143 |
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 | $140,997 | $88,186+59.9% | $165,071-14.6% | $74,459+89.4% |
| Participation rate | 95.0% | 73.1%+21.9pp | 78.6%+16.4pp | 67.2%+27.8pp |
| Annual return | 17.16% | 17.13%0pp | 70.17%-53.0pp | 1369.70%-1352.5pp |
| Employer contribution / active EE | $2,946 | $2,600+13.3% | $4,347-32.2% | $2,626+12.2% |
| Participant deferral / active EE | $8,942 | $4,505+98.5% | $6,035+48.2% | $4,350+105.6% |
| Admin fee / account holder | $576 | $2,234-74.2% | $12,695-95.5% | $1,945-70.4% |