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| Provider | Service type | Compensation |
|---|---|---|
FARMER & BETTS3 years Filed as: FARMER & BETTS, INC. Service code 13 6010 20TH STREET EAST, SUITE 1 · TACOMA, WA 98424 | Contract Administrator | $16,989 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $8,770 |
FARMER & BETTS3 years Service code 13 | Contract Administrator | $3,493 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,804 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,103 | $88,203-54.5% | $165,100-75.7% | $74,478-46.2% |
| Participation rate | 79.5% | 73.1%+6.4pp | 78.6%+0.9pp | 67.2%+12.3pp |
| Annual return | 13.29% | 17.13%-3.8pp | 70.21%-56.9pp | 1370.56%-1357.3pp |
| Employer contribution / active EE | $1,807 | $2,601-30.5% | $4,348-58.4% | $2,626-31.2% |
| Participant deferral / active EE | $2,702 | $4,505-40.0% | $6,035-55.2% | $4,350-37.9% |
| Admin fee / account holder | $352 | $2,235-84.3% | $12,696-97.2% | $1,946-81.9% |