Filed May 23, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $34,677 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,270 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $11,698 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,841 | $112,582-48.6% | $105,624-45.2% | $200,096-71.1% |
| Participation rate | 33.7% | 86.3%-52.5pp | 75.3%-41.6pp | 72.0%-38.3pp |
| Annual return | 14.56% | 15.58%-1.0pp | 116.20%-101.6pp | 34.26%-19.7pp |
| Employer contribution / active EE | $1,203 | $4,580-73.7% | $3,168-62.0% | $3,038-60.4% |
| Participant deferral / active EE | $2,548 | $6,655-61.7% | $5,013-49.2% | $5,090-49.9% |
| Admin fee / account holder | $148 | $107+38.0% | $10,961-98.7% | $269-45.2% |