Filed February 7, 2022
Total covered: 24 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 22720 FAIRVIEW CENTER DR. STE., 100 · FAIRVIEW PARK, OH 44126 | Contract Administrator | $43,436 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $17,921 |
MALONEY & NOVOTNY LLC1 year Filed as: MALONEY + NOVOTNY LLC Service code 10 16060 COLLECTIONS CENTER DRIVE · CHICAGO, IL 60693 | Accounting | $14,500 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $13,603 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,291 | $50,919-30.7% | $155,556-77.3% | $77,762-54.6% |
| Participation rate | 18.6% | 63.1%-44.5pp | 78.2%-59.7pp | 70.6%-52.0pp |
| Annual return | 16.60% | 34.84%-18.2pp | 64.84%-48.2pp | 31.27%-14.7pp |
| Employer contribution / active EE | $87 | $1,991-95.7% | $4,675-98.1% | $2,728-96.8% |
| Participant deferral / active EE | $750 | $2,824-73.4% | $5,631-86.7% | $4,651-83.9% |
| Admin fee / account holder | $487 | $437+11.5% | $15,885-96.9% | $433+12.5% |