Filed February 7, 2019
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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 | $90,779 |
Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 880 CARILLON PKWY · ST PETERSBURG, FL 33716 | Advisory (Plan) | $67,880 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $95,233 | $83,023+14.7% | $102,437-7.0% | $77,762+22.5% |
| Participation rate | 62.9% | 71.5%-8.7pp | 74.5%-11.6pp | 70.6%-7.7pp |
| Annual return | 11.34% | 19.12%-7.8pp | 24.95%-13.6pp | 31.27%-19.9pp |
| Employer contribution / active EE | $1,868 | $3,552-47.4% | $3,871-51.7% | $2,728-31.5% |
| Participant deferral / active EE | $6,364 | $4,110+54.9% | $5,060+25.8% | $4,651+36.8% |
| Admin fee / account holder | $608 | $639-4.9% | $8,388-92.8% | $433+40.4% |