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 | $65,084-78.3% | $67,681-79.1% | $64,340-78.1% |
| Participation rate | 80.8% | 66.7%+14.0pp | 73.7%+7.0pp | 55.2%+25.5pp |
| Annual return | 25.28% | 20.50%+4.8pp | 590.58%-565.3pp | 24.14%+1.1pp |
| Employer contribution / active EE | $960 | $2,398-60.0% | $2,678-64.2% | $1,862-48.5% |
| Participant deferral / active EE | $2,439 | $3,210-24.0% | $3,976-38.7% | $2,980-18.2% |
| Admin fee / account holder | $106 | $1,415-92.5% | $6,100-98.3% | $3,703-97.1% |