Filed October 30, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $81,324 |
Service code 13 435 NEW KARNER ROAD · ALBANY, NY 12205 | Contract Administrator | $33,055 |
Filed as: TEAL BECKER & CHIARAMONTE CPA'S Service code 10 7 WASHINGTON SQUARE · ALBNAY, NY 12205 | Accounting | $13,200 |
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.)
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 | $140,645 | $89,465+57.2% | $165,100-14.8% | $77,762+80.9% |
| Participation rate | 57.4% | 78.6%-21.3pp | 78.6%-21.3pp | 70.6%-13.2pp |
| Annual return | 25.05% | 28.86%-3.8pp | 70.21%-45.2pp | 31.27%-6.2pp |
| Employer contribution / active EE | $1,293 | $2,565-49.6% | $4,348-70.3% | $2,728-52.6% |
| Participant deferral / active EE | $3,489 | $4,904-28.9% | $6,035-42.2% | $4,651-25.0% |
| Admin fee / account holder | $394 | $340+16.1% | $12,696-96.9% | $433-8.9% |