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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER, ANUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $2,600 |
Filed as: PENTEC PENSION MANAGEMENT GROUP Service code 13 | Contract Administrator | $1,830 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $0 |
Service code 13 · EIN 75-2776689 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $38,294 | $61,356-37.6% | $149,696-74.4% | $71,511-46.5% |
| Participation rate | 25.8% | 62.5%-36.7pp | 78.8%-53.0pp | 67.9%-42.1pp |
| Annual return | 14.14% | 35.86%-21.7pp | 134.46%-120.3pp | 28.86%-14.7pp |
| Employer contribution / active EE | $227 | $2,382-90.5% | $4,821-95.3% | $2,589-91.2% |
| Participant deferral / active EE | $1,150 | $2,920-60.6% | $5,682-79.8% | $4,291-73.2% |
| Admin fee / account holder | $146 | $1,263-88.4% | $13,212-98.9% | $1,588-90.8% |