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 | $53,254-16.8% | $155,574-71.5% | $199,921-77.8% |
| Participation rate | 93.8% | 64.1%+29.6pp | 78.2%+15.6pp | 72.0%+21.8pp |
| Annual return | 12.60% | 41.18%-28.6pp | 64.87%-52.3pp | 34.28%-21.7pp |
| Employer contribution / active EE | $2,795 | $1,848+51.3% | $4,676-40.2% | $3,035-7.9% |
| Participant deferral / active EE | $0 | $3,165-100.0% | $5,629-100.0% | $5,089-100.0% |
| Admin fee / account holder | $99 | $186-46.4% | $15,914-99.4% | $269-63.0% |