Filed January 10, 2024
| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $349,190 |
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $103,684 |
KPMG LLP6 years Service code 10 PO BOX 120608 · DALLAS, TX 753120608 | Accounting | $26,994 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,572 | $140,190-73.9% | $115,756-68.4% | $77,906-53.1% |
| Participation rate | 69.7% | 81.0%-11.3pp | 77.1%-7.3pp | 73.7%-4.0pp |
| Annual return | -15.19% | -13.46%-1.7pp | 143.14%-158.3pp | 12.16%-27.3pp |
| Employer contribution / active EE | $1,327 | $3,169-58.1% | $3,793-65.0% | $2,846-53.4% |
| Participant deferral / active EE | $3,931 | $5,401-27.2% | $6,254-37.1% | $4,805-18.2% |
| Admin fee / account holder | $82 | $138-40.9% | $8,124-99.0% | $133-38.3% |