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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,753 | $79,171-6.8% | $102,423-28.0% | $74,495-1.0% |
| Participation rate | 65.3% | 74.8%-9.5pp | 76.5%-11.2pp | 67.2%-1.9pp |
| Annual return | 12.19% | 54.93%-42.7pp | 29.32%-17.1pp | 1364.94%-1352.7pp |
| Employer contribution / active EE | $315 | $2,362-86.7% | $3,023-89.6% | $2,623-88.0% |
| Participant deferral / active EE | $4,414 | $4,4150% | $5,053-12.6% | $4,346+1.6% |
| Admin fee / account holder | $156 | $2,001-92.2% | $9,451-98.3% | $1,942-91.9% |