Filed May 27, 2020
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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 | $38,676 |
Service code 27 · EIN 13-5674085 | Advisory (Plan) | $27,649 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $17,602 |
ASCENSUS LLC4 years Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101 | Contract Administrator | $13,600 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,173 | $55,437+44.6% | $155,534-48.5% | $74,459+7.7% |
| Participation rate | 93.8% | 61.9%+31.9pp | 78.2%+15.6pp | 67.2%+26.6pp |
| Annual return | 9.06% | 269.58%-260.5pp | 64.92%-55.9pp | 1369.70%-1360.6pp |
| Employer contribution / active EE | $7,861 | $2,266+246.9% | $4,675+68.2% | $2,626+199.4% |
| Participant deferral / active EE | $6,721 | $2,837+136.9% | $5,630+19.4% | $4,350+54.5% |
| Admin fee / account holder | $410 | $1,742-76.5% | $15,900-97.4% | $1,945-78.9% |