Filed March 3, 2023
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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 | $112,153 |
Filed as: GENEOS WEALTH MANAGEMENT INC. Service code 27 9635 MAROON CIR · ENGELWOOD, CO 80112 | Advisory (Plan) | $20,713 |
CORNWELL JACKSON2 years Filed as: CORNWELL JACKSON, PLLC Service code 10 6865 WINDCREST DR · PLANO, TX 75024 | Accounting | $11,412 |
TEMPLETON & COMPANY LLP1 year Service code 99 | Other Fees | $5,300 |
Service code 99 PO 2590 · FORT SMITH, AR 72902 | Other Fees | $5,268 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,000 | $83,023-26.5% | $102,437-40.5% | $77,762-21.6% |
| Participation rate | 17.4% | 71.5%-54.1pp | 74.5%-57.1pp | 70.6%-53.2pp |
| Annual return | 72.74% | 19.12%+53.6pp | 24.95%+47.8pp | 31.27%+41.5pp |
| Employer contribution / active EE | $336 | $3,552-90.5% | $3,871-91.3% | $2,728-87.7% |
| Participant deferral / active EE | $986 | $4,110-76.0% | $5,060-80.5% | $4,651-78.8% |
| Admin fee / account holder | $755 | $639+18.1% | $8,388-91.0% | $433+74.4% |