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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $410,745 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $121,431 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $45,450 | $39,166+16.0% | $79,591-42.9% | $78,104-41.8% |
| Participation rate | 36.0% | 57.3%-21.4pp | 69.5%-33.5pp | 74.5%-38.5pp |
| Annual return | -14.52% | -9.39%-5.1pp | 0.18%-14.7pp | 10.90%-25.4pp |
| Employer contribution / active EE | $260 | $1,019-74.5% | $2,413-89.2% | $3,128-91.7% |
| Participant deferral / active EE | $1,336 | $2,079-35.8% | $3,986-66.5% | $5,089-73.7% |
| Admin fee / account holder | $111 | $67+66.1% | $6,815-98.4% | $79+41.2% |