Filed October 15, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $69,097 |
MMA SECURITIES LLC1 year Service code 27 PO BOX 9497 · NEW YORK, NY 10087 | Advisory (Plan) | $41,146 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $17,788 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,684 | $92,076-26.5% | $105,608-35.9% | $77,714-12.9% |
| Participation rate | 87.0% | 81.0%+5.9pp | 75.3%+11.7pp | 70.6%+16.4pp |
| Annual return | 41.36% | 17.84%+23.5pp | 116.50%-75.1pp | 31.26%+10.1pp |
| Employer contribution / active EE | $5,023 | $3,370+49.0% | $3,167+58.6% | $2,727+84.2% |
| Participant deferral / active EE | $12,927 | $5,390+139.9% | $5,010+158.0% | $4,649+178.0% |
| Admin fee / account holder | $367 | $219+67.6% | $11,028-96.7% | $433-15.3% |