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 | $35,978 |
Service code 27 100 SOUTH ASHLEY DR · TAMPA, FL 33602 | Advisory (Plan) | $15,000 |
MOSS ADAMS LLP3 years Service code 10 PO BOX 101822 · PASADENA, CA 911891822 | Accounting | $15,000 |
Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716 | Advisory (Plan) | $15,000 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $100,589 | $65,390+53.8% | $169,368-40.6% | $71,457+40.8% |
| Participation rate | 89.0% | 67.0%+22.0pp | 77.1%+11.8pp | 67.9%+21.1pp |
| Annual return | 18.90% | 21.31%-2.4pp | 405.60%-386.7pp | 28.85%-9.9pp |
| Employer contribution / active EE | $0 | $2,079-100.0% | $4,013-100.0% | $2,588-100.0% |
| Participant deferral / active EE | $5,340 | $4,367+22.3% | $6,221-14.2% | $4,289+24.5% |
| Admin fee / account holder | $304 | $1,324-77.0% | $9,003-96.6% | $1,587-80.8% |