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 | $8,264 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $8,149 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $73,753 | $79,223-6.9% | $102,460-28.0% | $74,478-1.0% |
| Participation rate | 65.3% | 74.8%-9.5pp | 76.5%-11.2pp | 67.2%-1.9pp |
| Annual return | 12.19% | 54.98%-42.8pp | 29.47%-17.3pp | 1370.56%-1358.4pp |
| Employer contribution / active EE | $315 | $2,363-86.7% | $3,025-89.6% | $2,626-88.0% |
| Participant deferral / active EE | $4,414 | $4,417-0.1% | $5,056-12.7% | $4,350+1.5% |
| Admin fee / account holder | $156 | $2,003-92.2% | $9,460-98.3% | $1,946-92.0% |