Filed June 26, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $61,987 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $59,188 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,497 | $50,815-20.3% | $155,509-74.0% | $77,643-47.8% |
| Participation rate | 96.1% | 63.1%+32.9pp | 78.2%+17.9pp | 70.6%+25.5pp |
| Annual return | 14.17% | 34.80%-20.6pp | 64.67%-50.5pp | 31.24%-17.1pp |
| Employer contribution / active EE | $3,236 | $1,993+62.4% | $4,672-30.7% | $2,726+18.7% |
| Participant deferral / active EE | $4,599 | $2,822+63.0% | $5,626-18.3% | $4,647-1.0% |
| Admin fee / account holder | $338 | $437-22.6% | $15,912-97.9% | $430-21.4% |