Filed July 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907 | Recordkeeping | $9,083 |
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 | $47,775 | $47,135+1.4% | $149,717-68.1% | $74,440-35.8% |
| Participation rate | 50.9% | 63.4%-12.5pp | 78.8%-27.9pp | 70.7%-19.8pp |
| Annual return | 17.90% | 22.75%-4.9pp | 134.41%-116.5pp | 34.37%-16.5pp |
| Employer contribution / active EE | $762 | $1,906-60.0% | $4,820-84.2% | $2,638-71.1% |
| Participant deferral / active EE | $1,146 | $2,728-58.0% | $5,682-79.8% | $4,529-74.7% |
| Admin fee / account holder | $13 | $343-96.2% | $13,213-99.9% | $348-96.3% |