Filed October 31, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $38,163 |
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $32,972 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $9,814 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,211 | $66,501+20.6% | $81,482-1.6% | $77,692+3.2% |
| Participation rate | 99.6% | 68.7%+30.9pp | 69.5%+30.1pp | 70.6%+29.0pp |
| Annual return | 9.28% | 15.93%-6.7pp | 24.79%-15.5pp | 31.25%-22.0pp |
| Employer contribution / active EE | $3,660 | $2,158+69.6% | $2,463+48.6% | $2,726+34.3% |
| Participant deferral / active EE | $3,542 | $3,678-3.7% | $3,885-8.8% | $4,648-23.8% |
| Admin fee / account holder | $304 | $583-47.8% | $5,761-94.7% | $431-29.3% |