Filed October 25, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 11555 HERON BAY BLVD SUITE 200 · CORAL SPRINGS, FL 33076 | Contract Administrator | $2,170 |
Filed as: EMPOWER ANNUITY COMPANY OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $469 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $100 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,930 | $80,763+37.4% | $102,412+8.3% | $74,459+49.0% |
| Participation rate | 65.8% | 65.7%+0.1pp | 74.5%-8.7pp | 67.2%-1.5pp |
| Annual return | 13.01% | 27.57%-14.6pp | 24.94%-11.9pp | 1369.70%-1356.7pp |
| Employer contribution / active EE | $1,488 | $3,160-52.9% | $3,870-61.5% | $2,626-43.3% |
| Participant deferral / active EE | $3,948 | $3,862+2.2% | $5,060-22.0% | $4,350-9.2% |
| Admin fee / account holder | $295 | $2,371-87.6% | $8,388-96.5% | $1,945-84.8% |