Filed January 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $37,793 |
Filed as: CASE PEARLMAN ADVISORS, LLC Service code 27 7780 CAMBRIDGE MANOR PLACE, · FORT MYERS, FL 33907 | Advisory (Plan) | $16,614 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $11,736 |
EVERHART ADVISORS1 year Filed as: EVERHART FINANCIAL GROUP INC Service code 27 535 METRO PL S, SUITE 100 · DUBLIN, OH 43017 | Advisory (Plan) | $10,443 |
PROGRESSIVE PENSION ADMIN., INC.8+ years Service code 13 4560 VIA ROYALE, SUITE 4A · FORT MYERS, FL 33919 | Contract Administrator | $10,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,327 | $71,142-33.5% | $119,609-60.4% | $64,808-27.0% |
| Participation rate | 58.4% | 78.6%-20.2pp | 79.3%-20.8pp | 71.5%-13.1pp |
| Annual return | -16.10% | -10.01%-6.1pp | -14.97%-1.1pp | 32.82%-48.9pp |
| Employer contribution / active EE | $1,029 | $2,497-58.8% | $4,232-75.7% | $2,506-59.0% |
| Participant deferral / active EE | $2,695 | $4,490-40.0% | $5,602-51.9% | $4,310-37.5% |
| Admin fee / account holder | $300 | $162+85.1% | $10,323-97.1% | $188+59.8% |