Filed November 29, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $23,408 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $11,161 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $7,196 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,213 | $31,741-4.8% | $56,033-46.1% | $199,960-84.9% |
| Participation rate | 10.1% | 32.3%-22.3pp | 52.5%-42.4pp | 72.0%-61.9pp |
| Annual return | 16.81% | 14.72%+2.1pp | 1711.38%-1694.6pp | 34.28%-17.5pp |
| Employer contribution / active EE | $247 | $508-51.4% | $1,041-76.3% | $3,036-91.9% |
| Participant deferral / active EE | $591 | $1,184-50.1% | $1,954-69.8% | $5,087-88.4% |
| Admin fee / account holder | $232 | $426-45.6% | $2,827-91.8% | $269-13.8% |