Filed August 3, 2020
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $184,382 |
Service code 27 PO BOX 735399 · DALLAS, TX 753735399 | Advisory (Plan) | $41,200 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $12,684 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $33,869 | $50,151-32.5% | $149,696-77.4% | $80,157-57.7% |
| Participation rate | 36.1% | 64.3%-28.2pp | 78.8%-42.7pp | 72.9%-36.8pp |
| Annual return | 14.00% | 29.80%-15.8pp | 134.46%-120.5pp | 40.39%-26.4pp |
| Employer contribution / active EE | $724 | $1,867-61.2% | $4,821-85.0% | $2,977-75.7% |
| Participant deferral / active EE | $1,305 | $3,194-59.1% | $5,682-77.0% | $5,015-74.0% |
| Admin fee / account holder | $245 | $153+60.6% | $13,212-98.1% | $145+69.1% |