Filed November 2, 2018
Total covered: 19 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036 | Advisory (Plan) | $15,480 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,570 |
Service code 99 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Other Fees | $4,913 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,134 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,953 | $106,236-54.9% | $112,263-57.3% | $64,824-26.0% |
| Participation rate | 27.7% | 71.7%-44.0pp | 75.1%-47.4pp | 71.5%-43.8pp |
| Annual return | -17.03% | -6.02%-11.0pp | 27.49%-44.5pp | 32.84%-49.9pp |
| Employer contribution / active EE | $860 | $3,167-72.8% | $3,636-76.4% | $2,507-65.7% |
| Participant deferral / active EE | $1,788 | $3,786-52.8% | $4,729-62.2% | $4,311-58.5% |
| Admin fee / account holder | $368 | $452-18.4% | $6,410-94.3% | $188+96.1% |