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 | $22,399 |
KPMG LLP3+ years Service code 10 PO BOX 120608 · DALLAS, TX 753120608 | Accounting | $22,000 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $6,696 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,917 | $83,427-30.6% | $115,756-50.0% | $68,494-15.4% |
| Participation rate | 65.9% | 71.9%-6.0pp | 77.1%-11.2pp | 67.9%-2.0pp |
| Annual return | -16.96% | -10.95%-6.0pp | 143.14%-160.1pp | -7.86%-9.1pp |
| Employer contribution / active EE | $3,067 | $3,075-0.2% | $3,793-19.1% | $2,597+18.1% |
| Participant deferral / active EE | $5,985 | $5,355+11.8% | $6,254-4.3% | $4,028+48.6% |
| Admin fee / account holder | $221 | $5,708-96.1% | $8,124-97.3% | $5,403-95.9% |