Filed February 19, 2020 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-1455663 | Investment Management | $268,241 |
Service code 99 PO BOX 735399 · DALLAS, TX 75373 | Other Fees | $58,333 |
Service code 37 · EIN 04-2647786 | Loan Processing | $22,962 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Form 5500 reported that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,743 | $103,590-52.9% | $121,210-59.8% | $103,590-52.9% |
| Participation rate | 32.6% | 73.3%-40.7pp | 69.5%-36.9pp | 73.3%-40.7pp |
| Annual return | 24.02% | 33.13%-9.1pp | 987.41%-963.4pp | 33.13%-9.1pp |
| Employer contribution / active EE | $687 | $3,213-78.6% | $4,171-83.5% | $3,213-78.6% |
| Participant deferral / active EE | $1,422 | $5,214-72.7% | $4,084-65.2% | $5,214-72.7% |
| Admin fee / account holder | $64 | $114-44.1% | $5,647-98.9% | $114-44.1% |