Filed January 20, 2023
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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 | $470,656 |
CETERA ADVISOR NETWORKS LLC8 years Service code 55 2301 ROSECRANS AVE., #5100 · EL SEGUNDO, CA 902455670 | Other Commissions | $200,032 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $90,875 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $19,007 | $40,278-52.8% | $80,607-76.4% | $80,149-76.3% |
| Participation rate | 40.9% | 47.5%-6.7pp | 67.0%-26.1pp | 72.9%-32.1pp |
| Annual return | 24.29% | 50.86%-26.6pp | 936.11%-911.8pp | 40.39%-16.1pp |
| Employer contribution / active EE | $1,696 | $1,332+27.3% | $2,724-37.7% | $2,977-43.0% |
| Participant deferral / active EE | $3,501 | $2,696+29.9% | $4,448-21.3% | $5,015-30.2% |
| Admin fee / account holder | $151 | $210-28.1% | $5,379-97.2% | $145+4.3% |