Filed October 4, 2021
Total covered: 0 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $6,671 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $6,627 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,165 | $65,435-21.8% | $86,677-41.0% | $66,914-23.5% |
| Participation rate | 61.2% | 75.5%-14.2pp | 76.6%-15.4pp | 69.8%-8.6pp |
| Annual return | -10.23% | -10.89%+0.7pp | 35.91%-46.1pp | 1.58%-11.8pp |
| Employer contribution / active EE | $188 | $2,153-91.3% | $2,836-93.4% | $2,544-92.6% |
| Participant deferral / active EE | $4,751 | $4,100+15.9% | $4,656+2.1% | $4,237+12.1% |
| Admin fee / account holder | $128 | $642-80.1% | $7,493-98.3% | $593-78.4% |