Filed February 15, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $27,410 |
Filed as: MASSACHUSETTS MUTUAL LIFE INS. COMP Service code 27 PO BOX 771115 · CINCINNATI, OH 452771115 | Advisory (Plan) | $20,676 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $19,430 |
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 | $55,500 | $64,119-13.4% | $112,228-50.5% | $66,914-17.1% |
| Participation rate | 84.5% | 68.5%+16.0pp | 75.1%+9.5pp | 69.8%+14.7pp |
| Annual return | -18.00% | -13.81%-4.2pp | 27.45%-45.5pp | 1.58%-19.6pp |
| Employer contribution / active EE | $6,947 | $3,005+131.2% | $3,635+91.1% | $2,544+173.1% |
| Participant deferral / active EE | $4,536 | $3,693+22.8% | $4,728-4.1% | $4,237+7.1% |
| Admin fee / account holder | $439 | $625-29.7% | $6,410-93.1% | $593-25.9% |