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 INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $44,494 |
Service code 27 11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210 | Advisory (Plan) | $14,781 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $5,040 |
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.)
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 | $32,138 | $42,367-24.1% | $79,576-59.6% | $64,814-50.4% |
| Participation rate | 55.1% | 64.7%-9.6pp | 69.5%-14.4pp | 71.5%-16.4pp |
| Annual return | -10.80% | -12.23%+1.4pp | 0.15%-10.9pp | 32.84%-43.6pp |
| Employer contribution / active EE | $1,762 | $1,181+49.3% | $2,413-27.0% | $2,507-29.7% |
| Participant deferral / active EE | $3,158 | $3,170-0.4% | $3,985-20.8% | $4,310-26.7% |
| Admin fee / account holder | $308 | $160+93.3% | $6,834-95.5% | $188+64.2% |