Filed January 25, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907 | Recordkeeping | $64,555 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $138,052 | $47,180+192.6% | $149,723-7.8% | $74,473+85.4% |
| Participation rate | 31.1% | 63.4%-32.3pp | 78.8%-47.7pp | 70.7%-39.6pp |
| Annual return | -10.37% | 22.75%-33.1pp | 134.50%-144.9pp | 34.36%-44.7pp |
| Employer contribution / active EE | $3,578 | $1,907+87.6% | $4,821-25.8% | $2,638+35.6% |
| Participant deferral / active EE | $5,646 | $2,730+106.8% | $5,682-0.6% | $4,530+24.6% |
| Admin fee / account holder | $371 | $343+8.1% | $13,215-97.2% | $347+6.9% |