Filed August 15, 2023 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $53,562 |
Service code 10 · EIN 38-2445537 | Accounting | $10,750 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $3,022 |
Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Other investment fees and expenses; S... | $679 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $124,441 | $89,123+39.6% | $102,460+21.5% | $77,762+60.0% |
| Participation rate | 99.7% | 80.9%+18.8pp | 76.5%+23.2pp | 70.6%+29.1pp |
| Annual return | 17.20% | 25.05%-7.8pp | 29.47%-12.3pp | 31.27%-14.1pp |
| Employer contribution / active EE | $5,499 | $2,700+103.7% | $3,025+81.8% | $2,728+101.6% |
| Participant deferral / active EE | $9,342 | $5,148+81.5% | $5,056+84.8% | $4,651+100.9% |
| Admin fee / account holder | $59 | $236-75.1% | $9,460-99.4% | $433-86.5% |