Filed April 8, 2021 (most recent of 2 filings on file)
Total covered: 118 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $788 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $173,504 | $86,949+99.5% | $102,460+69.3% | $80,959+114.3% |
| Participation rate | 71.2% | 72.4%-1.2pp | 76.5%-5.3pp | 67.7%+3.5pp |
| Annual return | 16.52% | 18.89%-2.4pp | 29.47%-13.0pp | 35.67%-19.2pp |
| Employer contribution / active EE | $86 | $2,370-96.4% | $3,025-97.2% | $2,757-96.9% |
| Participant deferral / active EE | $1,821 | $4,121-55.8% | $5,056-64.0% | $4,300-57.7% |
| Admin fee / account holder | $7 | $8,048-99.9% | $9,460-99.9% | $6,925-99.9% |