Filed October 4, 2021
Total covered: 0 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 4-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $7,703 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $7,352 |
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 | $61,146 | $76,112-19.7% | $96,534-36.7% | $71,511-14.5% |
| Participation rate | 63.1% | 74.4%-11.3pp | 76.0%-12.9pp | 67.9%-4.9pp |
| Annual return | 14.35% | 22.81%-8.5pp | 25.88%-11.5pp | 28.86%-14.5pp |
| Employer contribution / active EE | $328 | $2,248-85.4% | $2,965-88.9% | $2,589-87.3% |
| Participant deferral / active EE | $4,469 | $4,217+6.0% | $4,851-7.9% | $4,291+4.2% |
| Admin fee / account holder | $142 | $2,708-94.8% | $8,253-98.3% | $1,588-91.1% |