Filed June 28, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $64,217 |
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $39,353 |
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.
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 | $70,951 | $81,948-13.4% | $90,766-21.8% | $64,824+9.5% |
| Participation rate | 31.5% | 80.5%-48.9pp | 75.7%-44.2pp | 71.5%-40.0pp |
| Annual return | -8.49% | -12.53%+4.0pp | -12.16%+3.7pp | 32.84%-41.3pp |
| Employer contribution / active EE | $1,049 | $3,067-65.8% | $2,922-64.1% | $2,507-58.2% |
| Participant deferral / active EE | $1,785 | $4,844-63.1% | $4,565-60.9% | $4,311-58.6% |
| Admin fee / account holder | $179 | $157+14.2% | $8,446-97.9% | $188-4.5% |