Filed June 3, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $223,156 |
CREATIVE PLANNING LLC3+ years Service code 27 5440 W 110TH ST STE 102 · OVERLAND PARK, KS 66211 | Advisory (Plan) | $78,287 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $22,352 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,958 | $96,188-72.0% | $75,972-64.5% | $99,062-72.8% |
| Participation rate | 29.5% | 72.7%-43.3pp | 69.1%-39.6pp | 71.6%-42.2pp |
| Annual return | 62.97% | 16.48%+46.5pp | 359.55%-296.6pp | 17.66%+45.3pp |
| Employer contribution / active EE | $480 | $3,167-84.8% | $2,685-82.1% | $3,262-85.3% |
| Participant deferral / active EE | $937 | $4,842-80.6% | $4,255-78.0% | $5,331-82.4% |
| Admin fee / account holder | $98 | $87+12.2% | $6,467-98.5% | $109-10.2% |