| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $1,690,248 |
MERCER2 years Filed as: MERCER (US) INC MERCER INVESTMENTS Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673 | Advisory (Plan) | $129,375 |
Service code 16 · EIN 34-1820650 | Consulting | $3,300 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,684 | $57,458-53.6% | $95,763-72.1% | $96,393-72.3% |
| Participation rate | 36.1% | 47.9%-11.8pp | 72.3%-36.2pp | 71.3%-35.2pp |
| Annual return | 17.21% | 17.80%-0.6pp | 28.43%-11.2pp | 22.88%-5.7pp |
| Employer contribution / active EE | $474 | $1,155-58.9% | $2,836-83.3% | $3,239-85.4% |
| Participant deferral / active EE | $743 | $2,443-69.6% | $4,244-82.5% | $5,455-86.4% |
| Admin fee / account holder | $55 | $61-9.8% | $5,669-99.0% | $74-26.1% |