Filed November 12, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES FSA INC. Service code 26 · EIN 59-2937883 | Advisory (Participants) | $37,246 |
Service code 13 · EIN 27-2487837 1110 N. MOUNTAIN RD · HARRISBURG, PA 17112 | Contract Administrator | $26,161 |
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $3,109 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $647 |
Filed as: EMPOWER ANNUITY INS CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
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 | $85,195 | $91,372-6.8% | $130,045-34.5% | $74,460+14.4% |
| Participation rate | 61.7% | 77.8%-16.1pp | 78.5%-16.8pp | 70.7%-9.0pp |
| Annual return | 16.03% | 23.21%-7.2pp | -137.30%+153.3pp | 34.38%-18.4pp |
| Employer contribution / active EE | $791 | $2,563-69.1% | $4,321-81.7% | $2,638-70.0% |
| Participant deferral / active EE | $4,078 | $4,721-13.6% | $5,820-29.9% | $4,530-10.0% |
| Admin fee / account holder | $294 | $283+3.7% | $10,600-97.2% | $348-15.5% |