Filed October 4, 2021
Total covered: 0 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $195,051 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $55,107 |
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 | $38,861 | $130,052-70.1% | $86,698-55.2% | $77,906-50.1% |
| Participation rate | 98.5% | 85.9%+12.6pp | 76.6%+21.9pp | 73.7%+24.8pp |
| Annual return | -11.59% | -12.73%+1.1pp | 35.96%-47.6pp | 12.16%-23.7pp |
| Employer contribution / active EE | $6,123 | $3,214+90.5% | $2,837+115.9% | $2,846+115.1% |
| Participant deferral / active EE | $6,353 | $5,741+10.7% | $4,656+36.4% | $4,805+32.2% |
| Admin fee / account holder | $93 | $132-29.4% | $7,492-98.8% | $133-29.8% |