Filed November 13, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 82-3706323 835 COLEMAN BLVD · MT PLEASANT, SC 29464 | Advisory (Plan) | $31,897 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $9,103 |
Employer 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,218 | $101,653-68.3% | $147,080-78.1% | $74,459-56.7% |
| Participation rate | 70.1% | 75.6%-5.5pp | 82.2%-12.1pp | 67.2%+2.9pp |
| Annual return | 13.66% | 8754.98%-8741.3pp | 420.17%-406.5pp | 1369.70%-1356.0pp |
| Employer contribution / active EE | $0 | $3,813-100.0% | $4,933-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $7,626 | $7,304+4.4% | $8,066-5.5% | $4,350+75.3% |
| Admin fee / account holder | $299 | $1,752-82.9% | $12,989-97.7% | $1,945-84.6% |