Filed June 4, 2019
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 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $390,604 |
Service code 27 11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210 | Advisory (Plan) | $49,927 |
Filed as: FIDUCIARY PLAN CONSULTANTS LLC HIGH Service code 27 921 E FORT AVE STE 230 · BALTIMORE, MD 21230 | Advisory (Plan) | $39,988 |
BDO USA, LLP2 years Filed as: BDO USA LLP Service code 10 5300 PATTERSON AVE SE · GRAND RAPIDS, MI 49512 | Accounting | $21,464 |
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.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,795 | $89,394-74.5% | $117,472-80.6% | $89,394-74.5% |
| Participation rate | 34.4% | 71.3%-36.8pp | 70.6%-36.1pp | 71.3%-36.8pp |
| Annual return | -15.75% | -11.89%-3.9pp | 29.74%-45.5pp | -11.89%-3.9pp |
| Employer contribution / active EE | $253 | $3,022-91.6% | $4,176-93.9% | $3,022-91.6% |
| Participant deferral / active EE | $1,454 | $5,123-71.6% | $4,070-64.3% | $5,123-71.6% |
| Admin fee / account holder | $92 | $79+15.9% | $5,645-98.4% | $79+15.9% |