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: MASSACHUSETTS MUTUAL LIFE INS. COMP Service code 27 PO BOX 771115 · CINCINNATI, OH 452771115 | Advisory (Plan) | $24,557 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $21,684 |
Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $20,971 |
Service code 13 · EIN 51-0523358 77 SOUTH MAIN STREET · WEST HARTFORD, CT 06107 | Contract Administrator | $5,380 |
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 | $68,349 | $76,670-10.9% | $96,683-29.3% | $71,457-4.4% |
| Participation rate | 87.8% | 66.6%+21.2pp | 74.3%+13.5pp | 67.9%+19.9pp |
| Annual return | 18.95% | 48.29%-29.3pp | 35.69%-16.7pp | 28.85%-9.9pp |
| Employer contribution / active EE | $9,515 | $3,031+213.9% | $3,737+154.6% | $2,588+267.7% |
| Participant deferral / active EE | $4,801 | $3,771+27.3% | $4,878-1.6% | $4,289+12.0% |
| Admin fee / account holder | $406 | $2,028-80.0% | $6,730-94.0% | $1,587-74.5% |