Filed June 28, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $36,829 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $32,969 |
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).
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 | $68,909 | $84,784-18.7% | $98,462-30.0% | $74,473-7.5% |
| Participation rate | 36.3% | 81.5%-45.2pp | 75.2%-38.9pp | 70.7%-34.4pp |
| Annual return | 10.97% | 20.59%-9.6pp | 21.17%-10.2pp | 34.36%-23.4pp |
| Employer contribution / active EE | $1,096 | $3,364-67.4% | $3,049-64.1% | $2,638-58.5% |
| Participant deferral / active EE | $1,920 | $5,218-63.2% | $4,738-59.5% | $4,530-57.6% |
| Admin fee / account holder | $211 | $204+3.4% | $8,875-97.6% | $347-39.1% |