Filed January 25, 2021
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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 | $44,292 |
CARLSON CAPITAL MANAGEMENT3 years Filed as: CARLSON CAPITAL MANAGEMENT LLC Service code 27 11 BRIDGE SQUARE · NORTHFIELD, MN 55057 | Advisory (Plan) | $22,500 |
ASCENSUS LLC5 years Filed as: ASCENSUS HOLDINGS INC Service code 13 | Contract Administrator | $9,861 |
ASCENSUS LLC5 years Filed as: ASCENSUS HOLDINGS, INC Service code 13 101 W BROADWAY · SAN DIEGO, CA 92101 | Contract Administrator | $5,395 |
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 | $45,237 | $64,890-30.3% | $134,172-66.3% | $67,986-33.5% |
| Participation rate | 79.8% | 48.5%+31.3pp | 72.5%+7.4pp | 57.2%+22.6pp |
| Annual return | 16.11% | 16.12%0pp | 25.30%-9.2pp | 31.67%-15.6pp |
| Employer contribution / active EE | $474 | $1,360-65.2% | $3,420-86.2% | $2,019-76.5% |
| Participant deferral / active EE | $3,004 | $2,289+31.3% | $4,690-35.9% | $3,358-10.5% |
| Admin fee / account holder | $368 | $3,140-88.3% | $12,016-96.9% | $3,203-88.5% |