Filed July 28, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111 | Recordkeeping Fees | $25,890 |
SHERIDAN ROAD ADVISORS LLC3 years Filed as: HUB INVESTMENT ADVISORS INC Service code 27 11516 MIRACLE HILLS DRIVE · OMAHA, NE 68154 | Advisory (Plan) | $15,704 |
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 101 W BROADWAY, STE 1420 · SAN DIEGO, CA 92101 | Contract Administrator | $10,182 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,607 | $50,815-18.1% | $155,509-73.2% | $77,643-46.4% |
| Participation rate | 38.8% | 63.1%-24.3pp | 78.2%-39.3pp | 70.6%-31.7pp |
| Annual return | 10.93% | 34.80%-23.9pp | 64.67%-53.7pp | 31.24%-20.3pp |
| Employer contribution / active EE | $1,018 | $1,993-48.9% | $4,672-78.2% | $2,726-62.7% |
| Participant deferral / active EE | $1,396 | $2,822-50.5% | $5,626-75.2% | $4,647-70.0% |
| Admin fee / account holder | $304 | $437-30.4% | $15,912-98.1% | $430-29.4% |