Filed March 29, 2019 (most recent of 2 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $84,933 |
Service code 27 PO BOX 735399 · DALLAS, TX 753735399 | Advisory (Plan) | $29,715 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $10,802 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,011 | $54,245-2.3% | $93,727-43.4% | $77,762-31.8% |
| Participation rate | 25.0% | 63.9%-38.9pp | 68.7%-43.7pp | 70.6%-45.6pp |
| Annual return | 25.94% | 30.58%-4.6pp | 133.83%-107.9pp | 31.27%-5.3pp |
| Employer contribution / active EE | $1,577 | $1,168+35.0% | $2,421-34.9% | $2,728-42.2% |
| Participant deferral / active EE | $2,304 | $3,144-26.7% | $4,417-47.8% | $4,651-50.5% |
| Admin fee / account holder | $340 | $575-40.9% | $8,292-95.9% | $433-21.5% |