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 | $988 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $122,735 | $71,877+70.8% | $86,717+41.5% | $68,494+79.2% |
| Participation rate | 67.9% | 72.2%-4.3pp | 76.6%-8.7pp | 67.9%0pp |
| Annual return | -13.70% | 3.54%-17.2pp | 35.97%-49.7pp | -7.86%-5.8pp |
| Employer contribution / active EE | $49 | $2,173-97.8% | $2,837-98.3% | $2,597-98.1% |
| Participant deferral / active EE | $2,060 | $3,779-45.5% | $4,657-55.8% | $4,028-48.9% |
| Admin fee / account holder | $7 | $6,111-99.9% | $7,494-99.9% | $5,403-99.9% |