Filed March 26, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $17,826 |
CW ASSOCIATES5 years Service code 10 700 BISHOP STREET SUITE 1040 · HONOLULU, HI 96813 | Accounting | $11,239 |
Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO Service code 99 611 E WISCONSIN AVE · MILWAUKEE, WI 53202 | Other Fees | $7,396 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $6,975 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $83,982 | $52,450+60.1% | $129,384-35.1% | $74,459+12.8% |
| Participation rate | 52.3% | 53.8%-1.5pp | 69.6%-17.3pp | 67.2%-14.9pp |
| Annual return | 11.58% | 15.65%-4.1pp | 9461.77%-9450.2pp | 1369.70%-1358.1pp |
| Employer contribution / active EE | $1,435 | $1,532-6.4% | $4,153-65.5% | $2,626-45.4% |
| Participant deferral / active EE | $3,852 | $2,797+37.7% | $4,166-7.5% | $4,350-11.4% |
| Admin fee / account holder | $347 | $2,636-86.8% | $7,686-95.5% | $1,945-82.1% |