Filed October 18, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 4114 LEGATO ROAD, SUITE 300 · FAIRFAX, VA 22033 | Contract Administrator | $9,692 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $9,055 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $6,753 |
Filed as: COMMONWEALTH EQUITY SERVICES LLC Service code 27 29 SAWYER ROAD · WALTHAM, MA 02453 | Advisory (Plan) | $6,390 |
Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $53,561 | $93,571-42.8% | $135,903-60.6% | $75,163-28.7% |
| Participation rate | 78.0% | 75.2%+2.8pp | 81.9%-3.9pp | 67.2%+10.8pp |
| Annual return | 13.27% | 30.90%-17.6pp | 68.23%-55.0pp | 160.62%-147.3pp |
| Employer contribution / active EE | $1,033 | $3,537-70.8% | $4,856-78.7% | $2,670-61.3% |
| Participant deferral / active EE | $3,437 | $6,404-46.3% | $7,758-55.7% | $4,125-16.7% |
| Admin fee / account holder | $175 | $6,975-97.5% | $10,762-98.4% | $5,651-96.9% |