Filed March 19, 2024 (most recent of 3 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 COMPANY OF NY · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $123,763 |
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 | $44,315 | $53,204-16.7% | $155,556-71.5% | $200,096-77.9% |
| Participation rate | 93.8% | 64.1%+29.7pp | 78.2%+15.5pp | 72.0%+21.7pp |
| Annual return | 12.60% | 41.02%-28.4pp | 64.84%-52.2pp | 34.26%-21.7pp |
| Employer contribution / active EE | $2,795 | $1,850+51.1% | $4,675-40.2% | $3,038-8.0% |
| Participant deferral / active EE | $0 | $3,163-100.0% | $5,631-100.0% | $5,090-100.0% |
| Admin fee / account holder | $99 | $186-46.4% | $15,885-99.4% | $269-63.1% |