Filed March 19, 2024 (most recent of 3 filings on file)
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| 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 | $53,199-16.7% | $155,567-71.5% | $199,768-77.8% |
| Participation rate | 93.8% | 64.1%+29.6pp | 78.2%+15.6pp | 72.0%+21.7pp |
| Annual return | 12.60% | 41.17%-28.6pp | 64.74%-52.1pp | 34.26%-21.7pp |
| Employer contribution / active EE | $2,795 | $1,852+50.9% | $4,674-40.2% | $3,037-8.0% |
| Participant deferral / active EE | $0 | $3,163-100.0% | $5,628-100.0% | $5,090-100.0% |
| Admin fee / account holder | $99 | $186-46.4% | $15,916-99.4% | $269-63.0% |