Filed May 19, 2023
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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 | $54,577 |
MMA SECURITIES LLC4 years Service code 55 PO BOX 9497 · NEW YORK, NY 10087 | Other Commissions | $34,767 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $9,311 |
Service code 99 1801 CALIFORNIA ST · DENVER, CO 80202 | Other Fees | $4,085 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $67,745 | $89,093-24.0% | $102,434-33.9% | $77,736-12.9% |
| Participation rate | 92.9% | 80.9%+12.0pp | 76.5%+16.4pp | 70.6%+22.3pp |
| Annual return | 12.72% | 25.03%-12.3pp | 29.46%-16.7pp | 31.26%-18.5pp |
| Employer contribution / active EE | $1,413 | $2,699-47.7% | $3,023-53.3% | $2,728-48.2% |
| Participant deferral / active EE | $5,616 | $5,147+9.1% | $5,055+11.1% | $4,651+20.8% |
| Admin fee / account holder | $216 | $236-8.4% | $9,462-97.7% | $433-50.1% |