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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 · EIN 93-1225432 | Investment Management | $2,150 |
Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 · EIN 93-1225432 | Recordkeeping Fees | $600 |
Service code 13 | Contract Administrator | -$11,543 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,535 | $45,602-30.8% | $117,472-73.2% | $66,914-52.9% |
| Participation rate | 11.2% | 57.6%-46.4pp | 70.6%-59.3pp | 69.8%-58.6pp |
| Annual return | -10.03% | -16.74%+6.7pp | 29.74%-39.8pp | 1.58%-11.6pp |
| Employer contribution / active EE | $0 | $1,579-100.0% | $4,176-100.0% | $2,544-100.0% |
| Participant deferral / active EE | $607 | $2,845-78.6% | $4,070-85.1% | $4,237-85.7% |
| Admin fee / account holder | $43 | $661-93.5% | $5,645-99.2% | $593-92.8% |