Filed January 15, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $71,983 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $35,145 |
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 | $150,204 | $81,948+83.3% | $90,756+65.5% | $64,814+131.7% |
| Participation rate | 98.0% | 80.5%+17.6pp | 75.7%+22.3pp | 71.5%+26.6pp |
| Annual return | -16.16% | -12.53%-3.6pp | -12.16%-4.0pp | 32.84%-49.0pp |
| Employer contribution / active EE | $16,355 | $3,067+433.2% | $2,922+459.8% | $2,507+552.4% |
| Participant deferral / active EE | $12,550 | $4,844+159.1% | $4,565+174.9% | $4,310+191.1% |
| Admin fee / account holder | $372 | $157+136.9% | $8,445-95.6% | $188+98.1% |