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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 | $34,378 |
NOVA 401(K) ASSOCIATES2 years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $13,624 |
Service code 99 PO BOX 2590 · FORT SMITH, AR 72902 | Other Fees | $7,488 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $162,614 | $49,763+226.8% | $70,565+130.4% | $74,473+118.4% |
| Participation rate | 56.0% | 64.6%-8.6pp | 68.4%-12.3pp | 70.7%-14.7pp |
| Annual return | 19.77% | 21.21%-1.4pp | 32.79%-13.0pp | 34.36%-14.6pp |
| Employer contribution / active EE | $4,440 | $1,776+150.1% | $2,976+49.2% | $2,638+68.3% |
| Participant deferral / active EE | $4,452 | $3,379+31.8% | $4,568-2.5% | $4,530-1.7% |
| Admin fee / account holder | $209 | $316-33.8% | $6,430-96.7% | $347-39.7% |