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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREEN VILLAGE, CO 80111 | Recordkeeping Fees | $41,512 |
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101 | Contract Administrator | $21,626 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $1,461 | $50,860-97.1% | $155,574-99.1% | $77,714-98.1% |
| Participation rate | 66.1% | 63.1%+3.0pp | 78.2%-12.1pp | 70.6%-4.5pp |
| Annual return | 25.97% | 34.86%-8.9pp | 64.87%-38.9pp | 31.26%-5.3pp |
| Employer contribution / active EE | $0 | $1,991-100.0% | $4,676-100.0% | $2,727-100.0% |
| Participant deferral / active EE | $715 | $2,825-74.7% | $5,629-87.3% | $4,649-84.6% |
| Admin fee / account holder | $118 | $436-72.9% | $15,914-99.3% | $433-72.7% |