Filed May 24, 2022 (most recent of 2 filings on file)
Total covered: 20 employees
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.
| Provider | Service type | Compensation |
|---|---|---|
MMA SECURITIES LLC1+ years Service code 27 PO BOX 9497 · NEW YORK, NY 10087 | Advisory (Plan) | $15,198 |
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $2,555 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $22,588 | $47,126-52.1% | $149,673-84.9% | $74,419-69.6% |
| Participation rate | 30.0% | 63.4%-33.4pp | 78.8%-48.8pp | 70.7%-40.8pp |
| Annual return | 13.61% | 22.75%-9.1pp | 134.42%-120.8pp | 34.38%-20.8pp |
| Employer contribution / active EE | $303 | $1,905-84.1% | $4,818-93.7% | $2,637-88.5% |
| Participant deferral / active EE | $1,206 | $2,728-55.8% | $5,680-78.8% | $4,528-73.4% |
| Admin fee / account holder | $24 | $343-93.1% | $13,210-99.8% | $348-93.2% |