Filed June 27, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 20-3691708 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $49,487 |
MMLIS2 years Service code 55 · EIN 04-2746212 1295 STATE ST · SPRINGFIELD, OR 01111 | Other Commissions | $26,666 |
Service code 13 · EIN 90-0451904 | Contract Administrator | $9,575 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $83,322 | $122,239-31.8% | $184,200-54.8% | $74,546+11.8% |
| Participation rate | 76.2% | 85.5%-9.2pp | 86.8%-10.6pp | 67.2%+9.0pp |
| Annual return | 12.90% | 19.95%-7.0pp | 28.80%-15.9pp | 1366.03%-1353.1pp |
| Employer contribution / active EE | $1,574 | $4,537-65.3% | $6,424-75.5% | $2,624-40.0% |
| Participant deferral / active EE | $6,431 | $7,139-9.9% | $9,132-29.6% | $4,347+47.9% |
| Admin fee / account holder | $368 | $1,260-70.8% | $13,907-97.4% | $1,944-81.1% |