Filed January 5, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
JOHNSON BANK10+ years Service code 21 · EIN 39-1141446 | Bank Trustee | $40,175 |
JOHNSON WEALTH INC1 year Service code 27 555 MAIN ST STE 460 · RACINE, WI 53403 | Advisory (Plan) | $1,374 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $500 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $79,709 | $66,486+19.9% | $81,370-2.0% | $77,762+2.5% |
| Participation rate | 34.4% | 68.7%-34.3pp | 69.5%-35.1pp | 70.6%-36.2pp |
| Annual return | 11.13% | 15.95%-4.8pp | 24.85%-13.7pp | 31.27%-20.1pp |
| Employer contribution / active EE | $1,159 | $2,158-46.3% | $2,464-52.9% | $2,728-57.5% |
| Participant deferral / active EE | $1,959 | $3,677-46.7% | $3,885-49.6% | $4,651-57.9% |
| Admin fee / account holder | $369 | $586-37.0% | $5,749-93.6% | $433-14.8% |