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 | $50,820+49.2% | $155,567-51.3% | $77,671-2.4% |
| Participation rate | 48.2% | 63.1%-15.0pp | 78.2%-30.0pp | 70.6%-22.4pp |
| Annual return | 14.29% | 34.85%-20.6pp | 64.74%-50.4pp | 31.21%-16.9pp |
| Employer contribution / active EE | $1,245 | $1,993-37.5% | $4,674-73.4% | $2,726-54.3% |
| Participant deferral / active EE | $2,768 | $2,823-1.9% | $5,628-50.8% | $4,648-40.4% |
| Admin fee / account holder | $180 | $436-58.7% | $15,916-98.9% | $430-58.2% |