Filed December 29, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 42-0127290 | Recordkeeping Fees | $63,601 |
Service code 27 1525 INTERNATIONAL PKWY · LAKE MARY, FL 32746 | Advisory (Plan) | $36,869 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $6,128 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $94,564 | $129,095-26.7% | $184,185-48.7% | $77,692+21.7% |
| Participation rate | 89.7% | 87.3%+2.3pp | 86.8%+2.8pp | 70.6%+19.1pp |
| Annual return | 11.84% | 33.29%-21.4pp | 28.81%-17.0pp | 31.25%-19.4pp |
| Employer contribution / active EE | $2,695 | $4,410-38.9% | $6,426-58.1% | $2,726-1.1% |
| Participant deferral / active EE | $5,581 | $7,300-23.5% | $9,132-38.9% | $4,648+20.1% |
| Admin fee / account holder | $365 | $256+42.8% | $13,909-97.4% | $431-15.2% |