Filed September 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $119,433 |
NFP RETIREMENT INC4 years Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689 | Advisory (Plan) | $77,258 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $101,856 | $89,465+13.9% | $165,100-38.3% | $77,762+31.0% |
| Participation rate | 92.9% | 78.6%+14.3pp | 78.6%+14.3pp | 70.6%+22.3pp |
| Annual return | 16.01% | 28.86%-12.9pp | 70.21%-54.2pp | 31.27%-15.3pp |
| Employer contribution / active EE | $4,597 | $2,565+79.2% | $4,348+5.7% | $2,728+68.5% |
| Participant deferral / active EE | $9,520 | $4,904+94.1% | $6,035+57.7% | $4,651+104.7% |
| Admin fee / account holder | $523 | $340+53.9% | $12,696-95.9% | $433+20.8% |