Filed July 6, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907 | Recordkeeping | $29,733 |
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 | $145,812 | $92,076+58.4% | $105,608+38.1% | $77,714+87.6% |
| Participation rate | 94.4% | 81.0%+13.4pp | 75.3%+19.2pp | 70.6%+23.9pp |
| Annual return | 14.05% | 17.84%-3.8pp | 116.50%-102.5pp | 31.26%-17.2pp |
| Employer contribution / active EE | $8,439 | $3,370+150.4% | $3,167+166.5% | $2,727+209.5% |
| Participant deferral / active EE | $7,702 | $5,390+42.9% | $5,010+53.7% | $4,649+65.7% |
| Admin fee / account holder | $86 | $219-60.8% | $11,028-99.2% | $433-80.2% |