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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 24 E COTA ST · SANTA BARBARA, CA 93101 | Advisory (Plan) | $37,351 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,128 |
NOVA 401(K) ASSOCIATES7 years Service code 13 · EIN 20-1181458 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $12,140 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $7,976 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,453 | $82,163-3.3% | $125,363-36.6% | $64,814+22.6% |
| Participation rate | 30.9% | 77.9%-47.0pp | 82.4%-51.5pp | 71.5%-40.6pp |
| Annual return | -13.16% | 3.49%-16.6pp | 572.15%-585.3pp | 32.84%-46.0pp |
| Employer contribution / active EE | $3,136 | $3,616-13.3% | $4,815-34.9% | $2,507+25.1% |
| Participant deferral / active EE | $3,654 | $7,175-49.1% | $7,447-50.9% | $4,310-15.2% |
| Admin fee / account holder | $298 | $163+82.8% | $10,005-97.0% | $188+58.9% |