Filed July 22, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101 | Advisory (Plan) | $3,325 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $3,136 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $1,625 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,561 | $62,715-27.4% | $104,301-56.3% | $66,938-31.9% |
| Participation rate | 50.4% | 59.6%-9.2pp | 73.3%-22.9pp | 69.8%-19.4pp |
| Annual return | -17.12% | -14.70%-2.4pp | 24.61%-41.7pp | 1.58%-18.7pp |
| Employer contribution / active EE | $1,940 | $1,976-1.8% | $3,373-42.5% | $2,545-23.8% |
| Participant deferral / active EE | $3,595 | $2,852+26.1% | $4,626-22.3% | $4,238-15.2% |
| Admin fee / account holder | $97 | $657-85.2% | $7,340-98.7% | $594-83.6% |