Filed July 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PENSION PLAN SPECIALISTS PC Service code 13 805 BROADWAY, SUITE 600 · VANCOUVER, WA 98660 | Contract Administrator | $6,119 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $3,237 |
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 | $32,912 | $50,902-35.3% | $155,534-78.8% | $77,736-57.7% |
| Participation rate | 33.1% | 63.1%-29.9pp | 78.2%-45.1pp | 70.6%-37.4pp |
| Annual return | 17.41% | 34.85%-17.4pp | 64.92%-47.5pp | 31.26%-13.9pp |
| Employer contribution / active EE | $1,191 | $1,991-40.2% | $4,675-74.5% | $2,728-56.3% |
| Participant deferral / active EE | $2,019 | $2,824-28.5% | $5,630-64.1% | $4,651-56.6% |
| Admin fee / account holder | $48 | $437-89.0% | $15,900-99.7% | $433-89.0% |