Filed September 5, 2024
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 |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $33,726 |
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS LLC Service code 22 · EIN 41-1416330 | Insurance Broker | $21,436 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Direct Payment | $1,655 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,892 | $89,436-28.6% | $164,813-61.2% | $77,643-17.7% |
| Participation rate | 37.6% | 78.6%-41.0pp | 78.6%-41.0pp | 70.6%-33.0pp |
| Annual return | 17.83% | 28.83%-11.0pp | 69.93%-52.1pp | 31.24%-13.4pp |
| Employer contribution / active EE | $332 | $2,569-87.1% | $4,341-92.3% | $2,726-87.8% |
| Participant deferral / active EE | $1,548 | $4,897-68.4% | $6,031-74.3% | $4,647-66.7% |
| Admin fee / account holder | $133 | $339-60.9% | $12,690-99.0% | $430-69.1% |