Filed June 7, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $38,889 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,810 | $50,919+48.9% | $155,556-51.3% | $77,762-2.5% |
| Participation rate | 48.2% | 63.1%-14.9pp | 78.2%-30.1pp | 70.6%-22.4pp |
| Annual return | 14.29% | 34.84%-20.5pp | 64.84%-50.5pp | 31.27%-17.0pp |
| Employer contribution / active EE | $1,245 | $1,991-37.5% | $4,675-73.4% | $2,728-54.4% |
| Participant deferral / active EE | $2,768 | $2,824-2.0% | $5,631-50.8% | $4,651-40.5% |
| Admin fee / account holder | $180 | $437-58.8% | $15,885-98.9% | $433-58.4% |