Filed June 28, 2016
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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 | $40,495 |
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $40,348 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,562 | $92,186-6.1% | $105,624-18.0% | $77,762+11.3% |
| Participation rate | 38.5% | 81.0%-42.5pp | 75.3%-36.8pp | 70.6%-32.1pp |
| Annual return | 10.35% | 17.83%-7.5pp | 116.20%-105.9pp | 31.27%-20.9pp |
| Employer contribution / active EE | $1,281 | $3,376-62.1% | $3,168-59.6% | $2,728-53.1% |
| Participant deferral / active EE | $2,144 | $5,395-60.3% | $5,013-57.2% | $4,651-53.9% |
| Admin fee / account holder | $241 | $219+10.2% | $10,961-97.8% | $433-44.3% |