Filed January 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $122,319 |
SAGEVIEW ADVISORY GROUP, LLC3 years Service code 27 1920 MAIN ST STE 800 · IRVINE, CA 92614 | Advisory (Plan) | $62,120 |
Filed as: MAYER HOFFMAN MCCANN PC Service code 10 2255 GLADES ROAD SUITE 321A · BOCA RATON, FL 33431 | Accounting | $21,275 |
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN & BROWN OF FLORIDA INC Service code 27 17757 US HWY 19 NORTH STE 660 · CLEARWATER, FL 33764 | Advisory (Plan) | $19,572 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,276 | $106,236-16.0% | $112,228-20.5% | $64,808+37.8% |
| Participation rate | 89.3% | 71.7%+17.6pp | 75.1%+14.3pp | 71.5%+17.9pp |
| Annual return | -16.41% | -6.02%-10.4pp | 27.45%-43.9pp | 32.82%-49.2pp |
| Employer contribution / active EE | $3,424 | $3,166+8.1% | $3,635-5.8% | $2,506+36.6% |
| Participant deferral / active EE | $8,177 | $3,785+116.0% | $4,728+72.9% | $4,310+89.7% |
| Admin fee / account holder | $491 | $452+8.8% | $6,410-92.3% | $188+161.7% |