Filed December 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $34,136 |
CREATIVE PLANNING LLC3 years Service code 27 5440 W 110TH ST STE 102 · OVERLAND PARK, KS 66211 | Advisory (Plan) | $23,676 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,990 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $59,123 | $42,378+39.5% | $78,004-24.2% | $71,012-16.7% |
| Participation rate | 14.0% | 46.9%-32.9pp | 69.4%-55.4pp | 58.6%-44.5pp |
| Annual return | 14.18% | 19.23%-5.1pp | 31.07%-16.9pp | 37.67%-23.5pp |
| Employer contribution / active EE | $0 | $1,375-100.0% | $2,469-100.0% | $2,348-100.0% |
| Participant deferral / active EE | $602 | $2,097-71.3% | $4,092-85.3% | $3,246-81.4% |
| Admin fee / account holder | $349 | $2,377-85.3% | $7,578-95.4% | $1,167-70.1% |