Filed April 30, 2024 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
VALMARK ADVISERS INC3 years Service code 27 130 SPRINGSIDE DR STE 110 · AKRON, OH 44333 | Advisory (Plan) | $24,749 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $21,531 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $458 |
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.
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 | $56,114 | $78,529-28.5% | $105,591-46.9% | $74,400-24.6% |
| Participation rate | 58.7% | 72.8%-14.1pp | 75.3%-16.6pp | 67.2%-8.5pp |
| Annual return | 16.69% | 15.94%+0.7pp | 116.43%-99.7pp | 1367.51%-1350.8pp |
| Employer contribution / active EE | $415 | $2,522-83.6% | $3,166-86.9% | $2,624-84.2% |
| Participant deferral / active EE | $2,411 | $4,321-44.2% | $5,008-51.9% | $4,348-44.6% |
| Admin fee / account holder | $421 | $2,216-81.0% | $11,024-96.2% | $1,944-78.3% |