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 | $82,660 |
JAMES A. REICHERT4 years Filed as: JAMES R VANNOY & SONS CONSTRUCTION Service code 99 PO BOX 635 · JEFFERSON, NC 28640 | Other Fees | $19,250 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $62,875 | $106,236-40.8% | $112,249-44.0% | $64,819-3.0% |
| Participation rate | 66.6% | 71.7%-5.1pp | 75.1%-8.5pp | 71.5%-4.9pp |
| Annual return | -14.98% | -6.02%-9.0pp | 27.48%-42.5pp | 32.84%-47.8pp |
| Employer contribution / active EE | $1,889 | $3,166-40.3% | $3,636-48.0% | $2,507-24.6% |
| Participant deferral / active EE | $5,768 | $3,785+52.4% | $4,729+22.0% | $4,311+33.8% |
| Admin fee / account holder | $349 | $452-22.7% | $6,412-94.6% | $188+85.8% |