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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 | $59,640 |
NOVA 401(K) ASSOCIATES2 years Service code 12 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Claims processing; Other fees | $13,471 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,278 | $69,823-82.4% | $76,872-84.0% | $74,460-83.5% |
| Participation rate | 80.1% | 70.0%+10.1pp | 69.6%+10.5pp | 70.7%+9.3pp |
| Annual return | 24.09% | 19.99%+4.1pp | 37.90%-13.8pp | 34.38%-10.3pp |
| Employer contribution / active EE | $2,032 | $2,148-5.4% | $2,533-19.8% | $2,638-23.0% |
| Participant deferral / active EE | $4,750 | $3,558+33.5% | $3,832+24.0% | $4,530+4.9% |
| Admin fee / account holder | $94 | $398-76.5% | $5,476-98.3% | $348-73.1% |