Filed June 27, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $86,146 |
MMA SECURITIES LLC2 years Service code 27 PO BOX 9497 · NEW YORK, NY 10087 | Advisory (Plan) | $45,305 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907 | Recordkeeping | $18,485 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $249,321 | $66,459+275.2% | $81,286+206.7% | $77,714+220.8% |
| Participation rate | 92.7% | 68.7%+24.0pp | 69.5%+23.2pp | 70.6%+22.1pp |
| Annual return | 18.12% | 15.95%+2.2pp | 24.80%-6.7pp | 31.26%-13.1pp |
| Employer contribution / active EE | $148 | $2,156-93.1% | $2,463-94.0% | $2,727-94.6% |
| Participant deferral / active EE | $3,997 | $3,674+8.8% | $3,883+2.9% | $4,649-14.0% |
| Admin fee / account holder | $367 | $585-37.3% | $5,764-93.6% | $433-15.4% |