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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $44,251 |
Filed as: MASSACHUSETTS MUTUAL LIFE Service code 55 PO BOX 9500 · SPRINGFIELD, MA 01102 | Other Commissions | $17,465 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $8,563 |
NOVA 401(K) ASSOCIATES3 years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $8,063 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $60,498 | $54,245+11.5% | $93,727-35.5% | $77,762-22.2% |
| Participation rate | 39.7% | 63.9%-24.2pp | 68.7%-29.0pp | 70.6%-30.9pp |
| Annual return | 12.26% | 30.58%-18.3pp | 133.83%-121.6pp | 31.27%-19.0pp |
| Employer contribution / active EE | $426 | $1,168-63.5% | $2,421-82.4% | $2,728-84.4% |
| Participant deferral / active EE | $1,725 | $3,144-45.1% | $4,417-60.9% | $4,651-62.9% |
| Admin fee / account holder | $418 | $575-27.4% | $8,292-95.0% | $433-3.5% |