Filed January 20, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Contract Administrator | $371,064 |
Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $101,616 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $70,031 |
Filed as: PRINCIPAL SECURITIES INC Service code 27 · EIN 42-0941553 711 HIGH ST · DES MOINES, IA 50392 | Advisory (Plan) | $58,691 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $33,485 | $45,022-25.6% | $85,240-60.7% | $200,096-83.3% |
| Participation rate | 41.1% | 45.8%-4.7pp | 67.5%-26.4pp | 72.0%-30.9pp |
| Annual return | 17.16% | 21.00%-3.8pp | 66.75%-49.6pp | 34.26%-17.1pp |
| Employer contribution / active EE | $1,467 | $1,374+6.7% | $2,735-46.4% | $3,038-51.7% |
| Participant deferral / active EE | $3,067 | $2,682+14.4% | $4,527-32.2% | $5,090-39.7% |
| Admin fee / account holder | $260 | $585-55.6% | $6,165-95.8% | $269-3.5% |