Filed December 14, 2023
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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 | $45,616 |
Filed as: FIFTH THIRD BANK Service code 27 38 FOUNTAIN SQ PLZ · CINCINNATI, OH 45263 | Advisory (Plan) | $15,895 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $6,994 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,862 | $50,982-65.0% | $154,803-88.5% | $85,563-79.1% |
| Participation rate | 88.1% | 59.8%+28.3pp | 78.1%+10.0pp | 66.0%+22.1pp |
| Annual return | 17.15% | 30.35%-13.2pp | 58.88%-41.7pp | 31.51%-14.4pp |
| Employer contribution / active EE | $0 | $1,708-100.0% | $4,305-100.0% | $2,654-100.0% |
| Participant deferral / active EE | $2,003 | $2,474-19.0% | $5,540-63.8% | $4,375-54.2% |
| Admin fee / account holder | $100 | $846-88.2% | $14,329-99.3% | $834-88.0% |