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 | $21,560 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $12,093 |
Filed as: COTA STREET INVESTMENT MANAGEMENT Service code 28 24 E. COTA STREET STE 200 · SANTA BARBARA, CA 93101 | Investment Management | $8,433 |
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.
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 | $32,226 | $56,638-43.1% | $169,397-81.0% | $74,473-56.7% |
| Participation rate | 36.5% | 67.5%-31.0pp | 77.2%-40.6pp | 70.7%-34.2pp |
| Annual return | 16.81% | 24.75%-7.9pp | 406.23%-389.4pp | 34.36%-17.5pp |
| Employer contribution / active EE | $754 | $2,027-62.8% | $4,013-81.2% | $2,638-71.4% |
| Participant deferral / active EE | $1,362 | $4,223-67.7% | $6,223-78.1% | $4,530-69.9% |
| Admin fee / account holder | $275 | $307-10.3% | $9,017-96.9% | $347-20.7% |