Filed October 30, 2020
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 ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $72,014 |
Service code 13 435 NEW KARNER ROAD · ALBANY, NY 12205 | Contract Administrator | $17,264 |
Filed as: TEAL BECKER & CHIARAMONTE CPA'S Service code 10 7 WASHINGTON SQUARE · ALBNAY, NY 12205 | Accounting | $13,200 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $107,948 | $91,372+18.1% | $129,995-17.0% | $74,419+45.1% |
| Participation rate | 55.0% | 77.8%-22.8pp | 78.5%-23.5pp | 70.7%-15.7pp |
| Annual return | 5.27% | 23.21%-17.9pp | -137.18%+142.4pp | 34.38%-29.1pp |
| Employer contribution / active EE | $1,175 | $2,563-54.2% | $4,320-72.8% | $2,637-55.4% |
| Participant deferral / active EE | $3,143 | $4,721-33.4% | $5,820-46.0% | $4,528-30.6% |
| Admin fee / account holder | $271 | $283-4.4% | $10,614-97.4% | $348-22.1% |