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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $20,087 |
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $2,113 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,322 | $71,142-63.0% | $119,634-78.0% | $64,824-59.4% |
| Participation rate | 40.9% | 78.6%-37.7pp | 79.3%-38.3pp | 71.5%-30.5pp |
| Annual return | -15.20% | -10.01%-5.2pp | -14.98%-0.2pp | 32.84%-48.0pp |
| Employer contribution / active EE | $1,045 | $2,497-58.1% | $4,232-75.3% | $2,507-58.3% |
| Participant deferral / active EE | $2,039 | $4,490-54.6% | $5,601-63.6% | $4,311-52.7% |
| Admin fee / account holder | $64 | $162-60.3% | $10,329-99.4% | $188-65.7% |