Filed May 17, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: NORTHWESTERN MUTUAL INVST SVC Service code 27 611 E WISCONSON AVE · MILWAUKEE, WI 53202 | Advisory (Plan) | $27,795 |
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Direct Payment | $17,575 |
WATKINS ROSS4 years Filed as: WATKINS ROSS & COMPANY Service code 13 · EIN 38-1477362 200 OTTAWA AVE NW, · GRAND RAPIDS, MI 495032426 | Contract Administrator | $9,516 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,921 | $54,213+34.5% | $93,696-22.2% | $77,736-6.2% |
| Participation rate | 55.8% | 64.0%-8.2pp | 68.7%-12.9pp | 70.6%-14.8pp |
| Annual return | 16.41% | 30.55%-14.1pp | 133.74%-117.3pp | 31.26%-14.9pp |
| Employer contribution / active EE | $1,449 | $1,168+24.0% | $2,422-40.2% | $2,728-46.9% |
| Participant deferral / active EE | $3,004 | $3,145-4.5% | $4,417-32.0% | $4,651-35.4% |
| Admin fee / account holder | $0 | $575-100.0% | $8,287-100.0% | $433-100.0% |