Filed October 8, 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 COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $30,487 |
REGIONS BANK4 years Filed as: REGIONS FINANCIAL CORPORATION Service code 99 INSTITUTIONAL FEE TEAM · BIRMINGHAM, AL 35202 | Other Fees | $18,533 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $3,393 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,149 | $65,561+17.7% | $91,541-15.7% | $74,304+3.8% |
| Participation rate | 63.7% | 56.6%+7.1pp | 69.8%-6.1pp | 60.3%+3.3pp |
| Annual return | 16.33% | 17.68%-1.4pp | 20.50%-4.2pp | 29.43%-13.1pp |
| Employer contribution / active EE | $2,122 | $1,717+23.6% | $2,505-15.3% | $2,241-5.3% |
| Participant deferral / active EE | $4,463 | $2,918+52.9% | $4,008+11.4% | $3,767+18.5% |
| Admin fee / account holder | $397 | $3,333-88.1% | $6,956-94.3% | $2,969-86.6% |