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1 critical issue

Board of Trustees, Eighth District Electrical Pension

84-6100393· Las Vegas, NV· EMPOWER ANNUITY INSURANCE CO OF AME· 2025 filing· vs 4 plans your size
F
0/100
Overall grade

Falling behind on most measures.

C
Fees
F
Financial Wellness
F
Plan design
D
Compliance
Fees

Your plan pays around 10 bps of assets per year. Similar plans pay around 9 bps. Your plan is about average for plans this size.

C
cheaper57th percentilepricier
Financial Wellness

Below-average savings. Employees put away $398/employee a year. That's less than 93% of similar plans.

F
lower7th percentilehigher
Plan design

The employer contributes through profit sharing rather than a standard match.

F
Employer contributes via profit sharing
No standard match, but the employer puts money in through profit sharing. Often a flat percentage to everyone, which works like a match for employees.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor not reported
The filing does not establish whether this plan uses a safe harbor design, so it does not affect the grade.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health

1 critical issue on the latest filing. These need attention.

D
Late employee deposits
Employee 401(k) deposits didn't reach the plan on time. The DOL treats this as a prohibited transaction, and it's one of the most common audit triggers. It needs a formal correction, not just a late deposit.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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EMPOWER ANNUITY INSURANCE CO OF AME

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Key insights

  • Strongest area: fees. Your plan pays around 10 bps of assets per year. Similar plans pay around 9 bps. Your plan is about average for plans this size.
  • Best place to improve: plan design. The employer contributes through profit sharing rather than a standard match.
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