Filed December 1, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $436,341 |
THOMAS BEAL1+ years Service code 99 6730 N SCOTTSCALE RD SUITE 285 · SCOTTSDALE, AZ 85253 | Other Fees | $129,726 |
Service code 27 6300 BRIDGE POINT PKWY BLDG 1 STE 3 · AUSTIN, TX 787305097 | Advisory (Plan) | $21,616 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $18,157 |
Employer 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).
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 | $11,009 | $53,204-79.3% | $155,556-92.9% | $200,096-94.5% |
| Participation rate | 89.5% | 64.1%+25.4pp | 78.2%+11.3pp | 72.0%+17.5pp |
| Annual return | 20.69% | 41.02%-20.3pp | 64.84%-44.2pp | 34.26%-13.6pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $4,675-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $3,555 | $3,163+12.4% | $5,631-36.9% | $5,090-30.2% |
| Admin fee / account holder | $133 | $186-28.4% | $15,885-99.2% | $269-50.6% |