Filed July 12, 2018
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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 | $4,532 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,895 | $241,850-93.8% | $102,437-85.5% | $200,096-92.6% |
| Participation rate | 29.4% | 78.3%-49.0pp | 74.5%-45.2pp | 72.0%-42.7pp |
| Annual return | 12.89% | 17.67%-4.8pp | 24.95%-12.1pp | 34.26%-21.4pp |
| Employer contribution / active EE | $460 | $4,253-89.2% | $3,871-88.1% | $3,038-84.9% |
| Participant deferral / active EE | $0 | $3,961-100.0% | $5,060-100.0% | $5,090-100.0% |
| Admin fee / account holder | $6 | $288-97.8% | $8,388-99.9% | $269-97.7% |