Filed July 17, 2015
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907 | Recordkeeping | $8,019 |
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 | $55,271 | $50,919+8.5% | $155,556-64.5% | $77,762-28.9% |
| Participation rate | 55.4% | 63.1%-7.6pp | 78.2%-22.8pp | 70.6%-15.1pp |
| Annual return | 13.39% | 34.84%-21.4pp | 64.84%-51.4pp | 31.27%-17.9pp |
| Employer contribution / active EE | $930 | $1,991-53.3% | $4,675-80.1% | $2,728-65.9% |
| Participant deferral / active EE | $1,487 | $2,824-47.4% | $5,631-73.6% | $4,651-68.0% |
| Admin fee / account holder | $13 | $437-97.1% | $15,885-99.9% | $433-97.1% |