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| Provider | Service type | Compensation |
|---|---|---|
FARMER & BETTS3 years Filed as: FARMER & BETTS, INC. Service code 13 · EIN 94-3322438 6010 20TH ST E, STE 1 · TACOMA, WA 98424 | Contract Administrator | $6,151 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $4,055 |
FARMER & BETTS1 year Service code 13 | Contract Administrator | $1,344 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,104 | $55,930-24.7% | $76,089-44.7% | $80,925-48.0% |
| Participation rate | 91.0% | 62.1%+29.0pp | 69.1%+22.0pp | 67.7%+23.4pp |
| Annual return | 11.44% | 20.58%-9.1pp | 360.94%-349.5pp | 35.65%-24.2pp |
| Employer contribution / active EE | $5,177 | $1,866+177.4% | $2,690+92.5% | $2,756+87.8% |
| Participant deferral / active EE | $2,912 | $3,051-4.6% | $4,259-31.6% | $4,299-32.3% |
| Admin fee / account holder | $39 | $5,241-99.3% | $6,418-99.4% | $6,940-99.4% |