Filed December 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $109,476 |
MMA SECURITIES LLC8 years Service code 55 PO BOX 9497 · NEW YORK, NY 10087 | Other Commissions | $71,432 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $68,657 |
Filed as: BENCHMARK RETIREMENT PLAN SVCS Service code 13 2215 PLANK ROAD STE 249 · FREDERICKSBURG, VA 22401 | Contract Administrator | $16,580 |
Service code 27 1801 CALIFORNIA STREET · DENVER, CO 80202 | Advisory (Plan) | $6,034 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $38,724 | $122,128-68.3% | $147,117-73.7% | $200,096-80.6% |
| Participation rate | 35.5% | 78.2%-42.6pp | 82.2%-46.7pp | 72.0%-36.5pp |
| Annual return | 17.36% | 30.58%-13.2pp | 420.54%-403.2pp | 34.26%-16.9pp |
| Employer contribution / active EE | $171 | $4,093-95.8% | $4,932-96.5% | $3,038-94.4% |
| Participant deferral / active EE | $3,787 | $8,484-55.4% | $8,065-53.0% | $5,090-25.6% |
| Admin fee / account holder | $211 | $180+17.5% | $12,993-98.4% | $269-21.7% |