Filed December 16, 2021
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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 | $99,816 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $65,172 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $24,302 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,851 | $62,686+8.2% | $178,505-62.0% | $77,762-12.7% |
| Participation rate | 62.6% | 66.9%-4.3pp | 77.1%-14.5pp | 70.6%-8.0pp |
| Annual return | 17.20% | 16.16%+1.0pp | 27.16%-10.0pp | 31.27%-14.1pp |
| Employer contribution / active EE | $2,425 | $1,914+26.7% | $3,955-38.7% | $2,728-11.1% |
| Participant deferral / active EE | $4,999 | $4,224+18.4% | $6,280-20.4% | $4,651+7.5% |
| Admin fee / account holder | $296 | $386-23.4% | $10,428-97.2% | $433-31.7% |