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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 | Recordkeeping Fees | $62,969 |
ERP RETIREMENT SERVICES6 years Service code 13 | Contract Administrator | $2,500 |
SBHU LIFE AGENCY INC10+ years Service code 55 | Other Commissions | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $279,757 | $83,369+235.6% | $105,223+165.9% | $67,986+311.5% |
| Participation rate | 70.8% | 56.3%+14.5pp | 75.0%-4.2pp | 57.2%+13.6pp |
| Annual return | 15.69% | 24.64%-9.0pp | 180.65%-165.0pp | 31.67%-16.0pp |
| Employer contribution / active EE | $2,493 | $2,541-1.9% | $3,689-32.4% | $2,019+23.5% |
| Participant deferral / active EE | $11,727 | $3,295+255.9% | $5,072+131.2% | $3,358+249.2% |
| Admin fee / account holder | $507 | $4,073-87.6% | $8,859-94.3% | $3,203-84.2% |