Filed April 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 LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907 | Recordkeeping | $86,704 |
RIVERSIDE RESEARCH INSTITUTE9+ years Service code 99 2900 CRYSTAL DR · ARLINGTON, VA 22202 | Other Fees | $34,698 |
Service code 99 · EIN 34-1820650 | Other Fees | $300 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $134,291 | $95,274+41.0% | $135,903-1.2% | $74,419+80.5% |
| Participation rate | 66.6% | 78.2%-11.6pp | 81.9%-15.3pp | 70.7%-4.2pp |
| Annual return | 17.98% | 32.77%-14.8pp | 68.23%-50.3pp | 34.38%-16.4pp |
| Employer contribution / active EE | $0 | $3,874-100.0% | $4,856-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $9,963 | $7,782+28.0% | $7,758+28.4% | $4,528+120.0% |
| Admin fee / account holder | $167 | $266-37.1% | $10,762-98.4% | $348-51.9% |