Filed September 24, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $5,071 |
Filed as: UNITED BENEFIT PENSIONS INC Service code 13 · EIN 36-4517541 | Contract Administrator | $2,953 |
LPL FINANCIAL1 year Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150 | Advisory (Plan) | $1,929 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $689 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $84 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,276 | $55,415-86.9% | $155,509-95.3% | $74,495-90.2% |
| Participation rate | 87.8% | 61.9%+25.9pp | 78.2%+9.6pp | 67.2%+20.6pp |
| Annual return | 15.09% | 268.50%-253.4pp | 64.67%-49.6pp | 1364.94%-1349.9pp |
| Employer contribution / active EE | $959 | $2,267-57.7% | $4,672-79.5% | $2,623-63.4% |
| Participant deferral / active EE | $1,388 | $2,836-51.0% | $5,626-75.3% | $4,346-68.1% |
| Admin fee / account holder | $56 | $1,738-96.8% | $15,912-99.6% | $1,942-97.1% |