Filed November 13, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $47,456 |
Service code 27 100 SOUTH ASHLEY DR · TAMPA, FL 33602 | Advisory (Plan) | $30,000 |
Service code 99 PO BOX 193730 · SAN FRANCISCO, CA 94119 | Other Fees | $11,000 |
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.)
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 | $109,247 | $62,686+74.3% | $178,505-38.8% | $77,762+40.5% |
| Participation rate | 81.3% | 66.9%+14.5pp | 77.1%+4.2pp | 70.6%+10.8pp |
| Annual return | 15.89% | 16.16%-0.3pp | 27.16%-11.3pp | 31.27%-15.4pp |
| Employer contribution / active EE | $0 | $1,914-100.0% | $3,955-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $4,649 | $4,224+10.1% | $6,280-26.0% | $4,6510% |
| Admin fee / account holder | $310 | $386-19.6% | $10,428-97.0% | $433-28.3% |