Filed June 14, 2024
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $17,058 |
Service code 13 7734 EXCELSIOR RD STE 102 · BAXTER, MN 56425 | Contract Administrator | $16,775 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,122 | $67,984-79.2% | $65,493-78.4% | $74,304-81.0% |
| Participation rate | 80.8% | 66.3%+14.4pp | 73.1%+7.7pp | 60.3%+20.4pp |
| Annual return | 25.28% | 19.87%+5.4pp | 982.45%-957.2pp | 29.43%-4.2pp |
| Employer contribution / active EE | $960 | $2,491-61.5% | $2,574-62.7% | $2,241-57.2% |
| Participant deferral / active EE | $2,439 | $3,346-27.1% | $3,961-38.4% | $3,767-35.3% |
| Admin fee / account holder | $106 | $1,373-92.3% | $5,028-97.9% | $2,969-96.4% |