Filed April 9, 2019
| Provider | Service type | Compensation |
|---|---|---|
Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735 | Advisory (Plan) | $63,846 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $35,014 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $122,369 | $79,169+54.6% | $100,415+21.9% | $74,478+64.3% |
| Participation rate | 96.2% | 79.4%+16.8pp | 81.5%+14.7pp | 67.2%+29.0pp |
| Annual return | 14.63% | 20.51%-5.9pp | 49.47%-34.8pp | 1370.56%-1355.9pp |
| Employer contribution / active EE | $3,463 | $3,017+14.8% | $3,943-12.2% | $2,626+31.9% |
| Participant deferral / active EE | $5,785 | $7,751-25.4% | $8,091-28.5% | $4,350+33.0% |
| Admin fee / account holder | $512 | $1,337-61.7% | $7,906-93.5% | $1,946-73.7% |