Filed July 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $8,623 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,234 | $46,339-41.2% | $143,801-81.1% | $64,829-58.0% |
| Participation rate | 50.9% | 64.3%-13.4pp | 80.3%-29.5pp | 71.5%-20.6pp |
| Annual return | -16.28% | -10.05%-6.2pp | -0.04%-16.2pp | 32.85%-49.1pp |
| Employer contribution / active EE | $664 | $1,911-65.2% | $4,952-86.6% | $2,507-73.5% |
| Participant deferral / active EE | $981 | $2,648-63.0% | $5,639-82.6% | $4,312-77.3% |
| Admin fee / account holder | $8 | $154-94.7% | $14,680-99.9% | $188-95.6% |