Filed January 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 PO BOX 735399 · DALLAS, TX 753735399 | Advisory (Plan) | $52,703 |
BAKER TILLY US, LLP5 years Service code 10 · EIN 30-1413443 | Accounting | $14,000 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $3,825 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,710 | $69,255+55.5% | $148,496-27.5% | $69,255+55.5% |
| Participation rate | 61.4% | 69.0%-7.7pp | 76.0%-14.7pp | 69.0%-7.7pp |
| Annual return | 13.44% | 26.73%-13.3pp | 12.33%+1.1pp | 26.73%-13.3pp |
| Employer contribution / active EE | $7 | $2,645-99.7% | $3,497-99.8% | $2,645-99.7% |
| Participant deferral / active EE | $3,949 | $2,890+36.6% | $4,808-17.9% | $2,890+36.6% |
| Admin fee / account holder | $270 | $733-63.1% | $19,547-98.6% | $733-63.1% |