Filed December 17, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 5707 SOUTHWEST PKWY · AUSTIN, TX 78735 | Advisory (Plan) | $38,225 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $24,749 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $20,881 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $44,882 | $78,607-42.9% | $105,624-57.5% | $74,478-39.7% |
| Participation rate | 99.0% | 72.8%+26.2pp | 75.3%+23.7pp | 67.2%+31.7pp |
| Annual return | 9.99% | 15.96%-6.0pp | 116.20%-106.2pp | 1370.56%-1360.6pp |
| Employer contribution / active EE | $484 | $2,523-80.8% | $3,168-84.7% | $2,626-81.6% |
| Participant deferral / active EE | $3,629 | $4,325-16.1% | $5,013-27.6% | $4,350-16.6% |
| Admin fee / account holder | $348 | $2,220-84.3% | $10,961-96.8% | $1,946-82.1% |