Filed May 1, 2019
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| Provider | Service type | Compensation |
|---|---|---|
WITHUMSMITH+BROWN, PC2 years Filed as: BROWN WEALTH MANAGEMENT LLC Service code 27 DBA/RAI WEALTH MANAGE · NAPERVILLE, IL 60563 | Advisory (Plan) | $55,855 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $24,872 |
Service code 13 6737 W WASHINGTON ST. SUITE 1105 · MILAWUKEE, WI 53214 | Contract Administrator | $15,700 |
FLEXPATH STRATEGIES, LLC3 years Filed as: FLEXPATH STRATEGIES Service code 99 120 VANTIS SUITE 400 · ALISO VIEJO, CA 92656 | Other Fees | $5,702 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $5,451 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,256 | $122,063-10.5% | $184,256-40.7% | $74,478+46.7% |
| Participation rate | 83.9% | 85.5%-1.5pp | 86.8%-2.9pp | 67.2%+16.7pp |
| Annual return | 13.61% | 19.92%-6.3pp | 28.85%-15.2pp | 1370.56%-1357.0pp |
| Employer contribution / active EE | -$68 | $4,539-101.5% | $6,427-101.1% | $2,626-102.6% |
| Participant deferral / active EE | $6,437 | $7,144-9.9% | $9,133-29.5% | $4,350+48.0% |
| Admin fee / account holder | $651 | $1,253-48.0% | $13,899-95.3% | $1,946-66.6% |