Filed September 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $434,722 |
BRIGHTWORXX LLC5 years Service code 13 18 GREAT OAK ROAD · ST JAMES, NY 11780 | Contract Administrator | $219,251 |
Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735 | Advisory (Plan) | $62,163 |
Filed as: OLD SLIP REGISTERED INVESTMENT ADVI Service code 27 40 WALL STREET · NEW YORK, NY 10005 | Advisory (Plan) | $45,245 |
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.
Employer 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.
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 | $35,091 | $106,994-67.2% | $135,903-74.2% | $96,393-63.6% |
| Participation rate | 21.4% | 72.5%-51.2pp | 81.9%-60.5pp | 71.3%-49.9pp |
| Annual return | 21.64% | 26.64%-5.0pp | 68.23%-46.6pp | 22.88%-1.2pp |
| Employer contribution / active EE | $83 | $3,391-97.6% | $4,856-98.3% | $3,238-97.4% |
| Participant deferral / active EE | $1,559 | $7,968-80.4% | $7,758-79.9% | $5,455-71.4% |
| Admin fee / account holder | $195 | $79+146.9% | $10,762-98.2% | $74+164.1% |