Filed October 15, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC2 years Service code 13 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689 | Contract Administrator | $57,388 |
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $44,520 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $19,765 | $44,898-56.0% | $85,187-76.8% | $199,960-90.1% |
| Participation rate | 17.0% | 45.7%-28.7pp | 67.5%-50.5pp | 72.0%-55.0pp |
| Annual return | 13.58% | 20.98%-7.4pp | 66.67%-53.1pp | 34.28%-20.7pp |
| Employer contribution / active EE | $76 | $1,367-94.4% | $2,732-97.2% | $3,036-97.5% |
| Participant deferral / active EE | $565 | $2,670-78.8% | $4,525-87.5% | $5,087-88.9% |
| Admin fee / account holder | $166 | $585-71.7% | $6,162-97.3% | $269-38.5% |