Filed June 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $15,599 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,366 | $89,123-45.7% | $102,460-52.8% | $77,762-37.8% |
| Participation rate | 93.6% | 80.9%+12.7pp | 76.5%+17.1pp | 70.6%+23.0pp |
| Annual return | 18.74% | 25.05%-6.3pp | 29.47%-10.7pp | 31.27%-12.5pp |
| Employer contribution / active EE | $1,874 | $2,700-30.6% | $3,025-38.1% | $2,728-31.3% |
| Participant deferral / active EE | $3,670 | $5,148-28.7% | $5,056-27.4% | $4,651-21.1% |
| Admin fee / account holder | $18 | $236-92.4% | $9,460-99.8% | $433-95.9% |