Filed July 26, 2022 (most recent of 2 filings on file)
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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 | $53,828 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,985 | $130,294-56.3% | $170,043-66.5% | $71,511-20.3% |
| Participation rate | 99.2% | 86.2%+13.0pp | 87.0%+12.2pp | 67.9%+31.3pp |
| Annual return | 12.70% | 20.36%-7.7pp | 53.40%-40.7pp | 28.86%-16.2pp |
| Employer contribution / active EE | $3,976 | $4,385-9.3% | $6,790-41.4% | $2,589+53.6% |
| Participant deferral / active EE | $5,887 | $6,928-15.0% | $10,410-43.4% | $4,291+37.2% |
| Admin fee / account holder | $313 | $966-67.6% | $12,824-97.6% | $1,588-80.3% |