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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,561 | $62,603-27.2% | $104,294-56.3% | $66,914-31.9% |
| 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 | $1,972-1.6% | $3,372-42.5% | $2,544-23.8% |
| Participant deferral / active EE | $3,595 | $2,853+26.0% | $4,625-22.3% | $4,237-15.1% |
| Admin fee / account holder | $97 | $656-85.1% | $7,339-98.7% | $593-83.6% |