| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS. CO OF AMERICA Service code 15 · EIN 84-0467907 | Recordkeeping | $1,229,767 |
MERCER1 year Filed as: MERCER (US) INC MERCER INVESTMENTS Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673 | Advisory (Plan) | $33,750 |
Service code 16 · EIN 34-1820650 | Consulting | $2,100 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,607 | $48,447-53.3% | $91,215-75.2% | $89,433-74.7% |
| Participation rate | 31.1% | 46.5%-15.4pp | 73.2%-42.1pp | 71.3%-40.2pp |
| Annual return | -15.44% | -13.16%-2.3pp | 114.15%-129.6pp | -11.88%-3.6pp |
| Employer contribution / active EE | $357 | $1,115-68.0% | $2,852-87.5% | $3,021-88.2% |
| Participant deferral / active EE | $584 | $2,235-73.9% | $4,234-86.2% | $5,125-88.6% |
| Admin fee / account holder | $37 | $61-39.7% | $5,424-99.3% | $79-53.7% |