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 | $0 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,893 | $65,135-60.2% | $143,801-82.0% | $66,954-61.3% |
| Participation rate | 55.6% | 65.2%-9.7pp | 80.3%-24.8pp | 69.8%-14.3pp |
| Annual return | -12.85% | -11.13%-1.7pp | -0.04%-12.8pp | 1.57%-14.4pp |
| Employer contribution / active EE | $444 | $2,363-81.2% | $4,952-91.0% | $2,545-82.5% |
| Participant deferral / active EE | $0 | $2,921-100.0% | $5,639-100.0% | $4,239-100.0% |
| Admin fee / account holder | $2 | $503-99.5% | $14,680-100.0% | $594-99.6% |