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 COMPAY OF NY · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $50,964 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,669 | $50,150-12.9% | $149,723-70.8% | $80,169-45.5% |
| Participation rate | 36.0% | 64.3%-28.3pp | 78.8%-42.7pp | 72.9%-36.9pp |
| Annual return | 17.31% | 29.80%-12.5pp | 134.50%-117.2pp | 40.39%-23.1pp |
| Employer contribution / active EE | $0 | $1,868-100.0% | $4,821-100.0% | $2,978-100.0% |
| Participant deferral / active EE | $2,078 | $3,195-35.0% | $5,682-63.4% | $5,016-58.6% |
| Admin fee / account holder | $57 | $153-62.8% | $13,215-99.6% | $145-60.8% |