Filed June 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $17,058 |
Service code 13 917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609 | Contract Administrator | $16,775 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,122 | $67,594-79.1% | $77,361-81.7% | $69,733-79.7% |
| Participation rate | 80.8% | 71.7%+9.1pp | 75.0%+5.8pp | 62.5%+18.3pp |
| Annual return | 25.28% | 19.20%+6.1pp | 1011.54%-986.3pp | 15.22%+10.1pp |
| Employer contribution / active EE | $960 | $2,649-63.8% | $2,990-67.9% | $2,250-57.4% |
| Participant deferral / active EE | $2,439 | $3,401-28.3% | $3,911-37.6% | $3,054-20.2% |
| Admin fee / account holder | $106 | $1,159-90.8% | $5,894-98.2% | $3,102-96.6% |