Filed July 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $716 |
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 | $30,550 | $55,470-44.9% | $155,556-80.4% | $74,478-59.0% |
| Participation rate | 56.0% | 61.9%-5.9pp | 78.2%-22.2pp | 67.2%-11.2pp |
| Annual return | 12.46% | 269.80%-257.3pp | 64.84%-52.4pp | 1370.56%-1358.1pp |
| Employer contribution / active EE | $664 | $2,267-70.7% | $4,675-85.8% | $2,626-74.7% |
| Participant deferral / active EE | $0 | $2,838-100.0% | $5,631-100.0% | $4,350-100.0% |
| Admin fee / account holder | $3 | $1,744-99.8% | $15,885-100.0% | $1,946-99.8% |