Filed October 16, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $94,030 |
Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS Service code 55 720 E WISCONSIN AVE · MILWAUKEE, WI 53202 | Other Commissions | $49,778 |
Service code 13 430 W 7TH ST, STE 219494 · KANSAS CITY, MO 641051407 | Contract Administrator | $22,320 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $8,530 |
Service code 99 1801 CALIFORNIA STREET · DENVER, CO 80202 | Other Fees | $4,882 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $36,932 | $46,464-20.5% | $150,298-75.4% | $79,634-53.6% |
| Participation rate | 82.9% | 57.0%+25.9pp | 77.8%+5.1pp | 62.5%+20.4pp |
| Annual return | 15.19% | 27.89%-12.7pp | 62.79%-47.6pp | 36.46%-21.3pp |
| Employer contribution / active EE | $1,851 | $1,512+22.5% | $4,154-55.4% | $2,529-26.8% |
| Participant deferral / active EE | $3,624 | $2,157+68.0% | $5,453-33.5% | $3,835-5.5% |
| Admin fee / account holder | $336 | $891-62.3% | $14,116-97.6% | $1,002-66.4% |