Filed August 4, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $99,380 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $23,856 |
Service code 13 | Contract Administrator | $10,833 |
Service code 13 430 W 7TH ST STE 219494 · KANSAS CITY, MO 641051407 | Contract Administrator | $9,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,699 | $53,165+40.5% | $86,216-13.4% | $74,460+0.3% |
| Participation rate | 87.9% | 64.9%+23.0pp | 69.0%+18.9pp | 70.7%+17.2pp |
| Annual return | 25.33% | 22.64%+2.7pp | 1169.42%-1144.1pp | 34.38%-9.1pp |
| Employer contribution / active EE | $5,922 | $1,210+389.5% | $2,382+148.7% | $2,638+124.5% |
| Participant deferral / active EE | $11,693 | $3,234+261.5% | $3,986+193.3% | $4,530+158.1% |
| Admin fee / account holder | $418 | $551-24.2% | $6,853-93.9% | $348+20.2% |