Filed September 18, 2020 (most recent of 2 filings on file)
Total covered: 47 employees
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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 | $104,232 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $43,654 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $16,014 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,285 | $81,357-68.9% | $75,972-66.7% | $199,593-87.3% |
| Participation rate | 50.0% | 69.9%-19.9pp | 69.1%-19.0pp | 72.0%-21.9pp |
| Annual return | 48.39% | 16.32%+32.1pp | 359.55%-311.2pp | 34.25%+14.1pp |
| Employer contribution / active EE | $352 | $3,341-89.5% | $2,685-86.9% | $3,034-88.4% |
| Participant deferral / active EE | $2,206 | $4,710-53.2% | $4,255-48.2% | $5,087-56.6% |
| Admin fee / account holder | $140 | $144-3.2% | $6,467-97.8% | $269-48.0% |