Filed November 17, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $137,779 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $145,564 | $98,273+48.1% | $150,734-3.4% | $85,660+69.9% |
| Participation rate | 44.1% | 84.0%-39.9pp | 78.4%-34.4pp | 74.8%-30.8pp |
| Annual return | 4.92% | 7.62%-2.7pp | 600.81%-595.9pp | 19.52%-14.6pp |
| Employer contribution / active EE | $1,087 | $5,764-81.1% | $4,918-77.9% | $4,199-74.1% |
| Participant deferral / active EE | $4,413 | $1,439+206.6% | $5,610-21.3% | $3,518+25.4% |
| Admin fee / account holder | $85 | $226-62.4% | $14,905-99.4% | $224-62.1% |