Filed April 16, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Contract Administrator | $179,412 |
Service code 28 1920 MAIN STREET · IRVINE, CA 92614 | Investment Management | $2,516 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,238 | $57,150+3.7% | $93,606-36.7% | $106,382-44.3% |
| Participation rate | 16.4% | 49.1%-32.7pp | 68.7%-52.3pp | 69.9%-53.4pp |
| Annual return | 12.20% | 15.81%-3.6pp | 133.20%-121.0pp | 17.37%-5.2pp |
| Employer contribution / active EE | $347 | $1,015-65.8% | $2,420-85.7% | $3,364-89.7% |
| Participant deferral / active EE | $931 | $1,853-49.7% | $4,411-78.9% | $5,569-83.3% |
| Admin fee / account holder | $67 | $64+4.9% | $8,285-99.2% | $79-14.8% |