Filed February 27, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $138,139 |
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 4208 SIX FORKS RD · RALEIGH, NC 27609 | Advisory (Plan) | $114,434 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $6,036 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $41,811 | $41,039+1.9% | $85,240-50.9% | $99,313-57.9% |
| Participation rate | 18.3% | 34.4%-16.1pp | 67.5%-49.2pp | 71.7%-53.4pp |
| Annual return | 15.37% | 17.44%-2.1pp | 66.75%-51.4pp | 17.67%-2.3pp |
| Employer contribution / active EE | $610 | $1,106-44.8% | $2,735-77.7% | $3,264-81.3% |
| Participant deferral / active EE | $1,238 | $2,193-43.5% | $4,527-72.6% | $5,346-76.8% |
| Admin fee / account holder | $164 | $177-7.6% | $6,165-97.3% | $109+49.8% |