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 | $105,028+38.6% | $107,187+35.8% | $100,573+44.7% |
| Participation rate | 44.1% | 81.2%-37.1pp | 75.0%-30.9pp | 70.9%-26.9pp |
| Annual return | 4.92% | 10.61%-5.7pp | 204.55%-199.6pp | 18.89%-14.0pp |
| Employer contribution / active EE | $1,087 | $5,641-80.7% | $3,782-71.3% | $3,763-71.1% |
| Participant deferral / active EE | $4,413 | $2,685+64.3% | $5,096-13.4% | $4,921-10.3% |
| Admin fee / account holder | $85 | $355-76.1% | $9,162-99.1% | $454-81.3% |