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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $25,138 |
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $4,458 |
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 | $34,943 | $91,372-61.8% | $130,045-73.1% | $74,460-53.1% |
| Participation rate | 43.4% | 77.8%-34.4pp | 78.5%-35.1pp | 70.7%-27.3pp |
| Annual return | 21.80% | 23.21%-1.4pp | -137.30%+159.1pp | 34.38%-12.6pp |
| Employer contribution / active EE | $1,145 | $2,563-55.3% | $4,321-73.5% | $2,638-56.6% |
| Participant deferral / active EE | $2,312 | $4,721-51.0% | $5,820-60.3% | $4,530-49.0% |
| Admin fee / account holder | $77 | $283-72.9% | $10,600-99.3% | $348-77.9% |