Filed May 28, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $93,269 |
MMLIS2 years Service code 55 | Other Commissions | $49,705 |
Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,763 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 55 · EIN 04-1590850 1295 STATE ST · SPRINGFIELD, MA 011110001 | Other Commissions | $0 |
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 | $109,780 | $101,499+8.2% | $147,005-25.3% | $74,546+47.3% |
| Participation rate | 91.2% | 75.5%+15.7pp | 82.2%+9.0pp | 67.2%+24.0pp |
| Annual return | 18.39% | 8732.34%-8714.0pp | 418.76%-400.4pp | 1366.03%-1347.6pp |
| Employer contribution / active EE | $1,157 | $3,811-69.6% | $4,934-76.5% | $2,624-55.9% |
| Participant deferral / active EE | $12,548 | $7,304+71.8% | $8,070+55.5% | $4,347+188.6% |
| Admin fee / account holder | $409 | $1,748-76.6% | $13,006-96.9% | $1,944-78.9% |