Filed February 26, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MMLIS1 year Service code 27 1295 STATE STREET · SPRINGFIELD, MA 011110001 | Advisory (Plan) | $31,900 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $295 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,703 | $50,815-17.9% | $155,509-73.2% | $77,643-46.3% |
| Participation rate | 79.1% | 63.1%+15.9pp | 78.2%+0.9pp | 70.6%+8.5pp |
| Annual return | 11.01% | 34.80%-23.8pp | 64.67%-53.7pp | 31.24%-20.2pp |
| Employer contribution / active EE | $853 | $1,993-57.2% | $4,672-81.7% | $2,726-68.7% |
| Participant deferral / active EE | $2,161 | $2,822-23.4% | $5,626-61.6% | $4,647-53.5% |
| Admin fee / account holder | $498 | $437+14.1% | $15,912-96.9% | $430+15.8% |