Filed May 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $42,155 |
MMA SECURITIES LLC3 years Service code 55 PO BOX 9497 · NEW YORK, NY 10087 | Other Commissions | $27,184 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $8,366 |
Service code 99 1801 CALIFORNIA ST · DENVER, CO 80202 | Other Fees | $3,349 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $60,337 | $99,168-39.2% | $96,534-37.5% | $74,460-19.0% |
| Participation rate | 92.8% | 80.7%+12.1pp | 76.0%+16.8pp | 70.7%+22.1pp |
| Annual return | 14.72% | 22.40%-7.7pp | 25.88%-11.2pp | 34.38%-19.7pp |
| Employer contribution / active EE | $1,401 | $2,570-45.5% | $2,965-52.8% | $2,638-46.9% |
| Participant deferral / active EE | $5,482 | $4,936+11.1% | $4,851+13.0% | $4,530+21.0% |
| Admin fee / account holder | $180 | $225-20.0% | $8,253-97.8% | $348-48.3% |