Filed January 15, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $55,722 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $44,391 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $220,196 | $92,121+139.0% | $105,591+108.5% | $77,692+183.4% |
| Participation rate | 100.0% | 81.0%+19.0pp | 75.3%+24.7pp | 70.6%+29.4pp |
| Annual return | 17.66% | 17.84%-0.2pp | 116.43%-98.8pp | 31.25%-13.6pp |
| Employer contribution / active EE | $18,796 | $3,370+457.7% | $3,166+493.7% | $2,726+589.5% |
| Participant deferral / active EE | $13,920 | $5,388+158.3% | $5,008+177.9% | $4,648+199.5% |
| Admin fee / account holder | $316 | $219+44.1% | $11,024-97.1% | $431-26.6% |