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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 | Advisory (Plan) | $3,216 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 | Recordkeeping Fees | $2,072 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 | Investment Management | $613 |
PENSION ASSURANCE LLP1 year Filed as: PENSION & BENEFITS SOLUTIONS INC Service code 13 | Contract Administrator | $600 |
Service code 99 | Other Fees | $322 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $16,963 | $82,674-79.5% | $125,381-86.5% | $68,486-75.2% |
| Participation rate | 34.9% | 75.1%-40.2pp | 82.4%-47.5pp | 67.9%-33.0pp |
| Annual return | -18.78% | -5.97%-12.8pp | 572.31%-591.1pp | -7.85%-10.9pp |
| Employer contribution / active EE | $0 | $3,382-100.0% | $4,815-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $3,122 | $6,111-48.9% | $7,448-58.1% | $4,028-22.5% |
| Admin fee / account holder | $153 | $6,277-97.6% | $10,007-98.5% | $5,404-97.2% |