Filed January 19, 2021
Total covered: 18 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 25 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101 | Directed Trustee | $25,411 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $15,052 |
Filed as: COTA STREET INVESTMENT MANAGEMENT Service code 28 24 E. COTA STREET · SANTA BARBARA, CA 93101 | Investment Management | $9,899 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,036 | $73,532-34.7% | $178,505-73.1% | $74,478-35.5% |
| Participation rate | 34.6% | 66.6%-32.0pp | 77.1%-42.6pp | 67.2%-32.7pp |
| Annual return | 11.15% | 17.49%-6.3pp | 27.16%-16.0pp | 1370.56%-1359.4pp |
| Employer contribution / active EE | $750 | $2,221-66.2% | $3,955-81.0% | $2,626-71.4% |
| Participant deferral / active EE | $1,583 | $4,519-65.0% | $6,280-74.8% | $4,350-63.6% |
| Admin fee / account holder | $450 | $1,813-75.2% | $10,428-95.7% | $1,946-76.9% |