Filed July 15, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $153,861 |
MERCER2 years Filed as: MERCER (US) INC MERCER INVESTMENTS Service code 16 · EIN 30-0282430 21875 NETWORK PLACE · CHICAGO, IL 60673 | Consulting | $149,167 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,900 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $17,512 | $53,204-67.1% | $155,556-88.7% | $200,096-91.2% |
| Participation rate | 83.5% | 64.1%+19.4pp | 78.2%+5.2pp | 72.0%+11.4pp |
| Annual return | 15.15% | 41.02%-25.9pp | 64.84%-49.7pp | 34.26%-19.1pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $4,675-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $2,400 | $3,163-24.1% | $5,631-57.4% | $5,090-52.9% |
| Admin fee / account holder | $116 | $186-37.7% | $15,885-99.3% | $269-57.0% |