Filed August 16, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $46,386 |
WELLS FARGO BANK, N.A.10+ years Filed as: WELLS FARGO ADVISORS LLC Service code 99 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Other Fees | $29,269 |
Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $23,312 |
ANDREWS HOOPER PAVLIK PLC2 years Service code 99 5300 GRATIOT · SAGINAW, MI 48638 | Other Fees | $14,200 |
WATKINS ROSS7 years Filed as: WATKINS, ROSS & CO. Service code 13 | Contract Administrator | $10,000 |
WATKINS ROSS6 years Filed as: WATKINS ROSS & COMPANY Service code 13 200 OTTAWA AVE NW, STE 600 · GRAND RAPIDS, MI 49503 | Contract Administrator | $8,140 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $57,830 | $50,919+13.6% | $155,556-62.8% | $77,762-25.6% |
| Participation rate | 29.2% | 63.1%-33.9pp | 78.2%-49.1pp | 70.6%-41.4pp |
| Annual return | 13.99% | 34.84%-20.8pp | 64.84%-50.8pp | 31.27%-17.3pp |
| Employer contribution / active EE | $599 | $1,991-69.9% | $4,675-87.2% | $2,728-78.0% |
| Participant deferral / active EE | $1,207 | $2,824-57.3% | $5,631-78.6% | $4,651-74.0% |
| Admin fee / account holder | $346 | $437-20.8% | $15,885-97.8% | $433-20.1% |