Filed June 26, 2023 (most recent of 2 filings on file)
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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 | $68,910 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $48,675 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,518 | $50,982-4.8% | $154,803-68.7% | $85,563-43.3% |
| Participation rate | 96.6% | 59.8%+36.8pp | 78.1%+18.6pp | 66.0%+30.7pp |
| Annual return | 15.64% | 30.35%-14.7pp | 58.88%-43.2pp | 31.51%-15.9pp |
| Employer contribution / active EE | $3,039 | $1,708+77.9% | $4,305-29.4% | $2,654+14.5% |
| Participant deferral / active EE | $4,225 | $2,474+70.7% | $5,540-23.8% | $4,375-3.4% |
| Admin fee / account holder | $366 | $846-56.7% | $14,329-97.4% | $834-56.1% |