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 | $98,776+47.4% | $119,126+22.2% | $89,670+62.3% |
| Participation rate | 44.1% | 83.1%-39.0pp | 75.8%-31.7pp | 71.2%-27.1pp |
| Annual return | 4.92% | 9.25%-4.3pp | 282.11%-277.2pp | 19.66%-14.7pp |
| Employer contribution / active EE | $1,087 | $5,802-81.3% | $4,034-73.1% | $4,041-73.1% |
| Participant deferral / active EE | $4,413 | $1,748+152.4% | $5,318-17.0% | $3,962+11.4% |
| Admin fee / account holder | $85 | $230-63.2% | $10,693-99.2% | $352-75.9% |