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 | $682 |
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 | $28,666 | $61,405-53.3% | $149,740-80.9% | $71,535-59.9% |
| Participation rate | 57.1% | 62.5%-5.5pp | 78.8%-21.7pp | 67.9%-10.9pp |
| Annual return | 15.40% | 35.88%-20.5pp | 134.51%-119.1pp | 28.97%-13.6pp |
| Employer contribution / active EE | $639 | $2,384-73.2% | $4,821-86.7% | $2,590-75.3% |
| Participant deferral / active EE | $0 | $2,921-100.0% | $5,683-100.0% | $4,292-100.0% |
| Admin fee / account holder | $3 | $1,264-99.8% | $13,222-100.0% | $1,589-99.8% |