Filed September 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
MMLIS2 years Service code 27 1295 STATE ST · SPRINGFIELD, MA 011110001 | Advisory (Plan) | $7,000 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $6,365 |
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC Service code 13 5350 77 CENTER DR. STE 200 · CHARLOTTE, NC 28217 | Contract Administrator | $3,692 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $526 |
Annual investment return 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,698 | $55,446-82.5% | $155,574-93.8% | $74,429-87.0% |
| Participation rate | 81.9% | 61.9%+20.0pp | 78.2%+3.7pp | 67.2%+14.7pp |
| Annual return | 9.70% | 269.20%-259.5pp | 64.87%-55.2pp | 1368.38%-1358.7pp |
| Employer contribution / active EE | $366 | $2,266-83.9% | $4,676-92.2% | $2,625-86.1% |
| Participant deferral / active EE | $1,059 | $2,836-62.7% | $5,629-81.2% | $4,348-75.7% |
| Admin fee / account holder | $71 | $1,743-95.9% | $15,914-99.6% | $1,944-96.3% |