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 | $81,324 |
Service code 13 435 NEW KARNER ROAD · ALBANY, NY 12205 | Contract Administrator | $33,055 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $140,645 | $89,436+57.3% | $164,813-14.7% | $77,643+81.1% |
| Participation rate | 57.4% | 78.6%-21.3pp | 78.6%-21.2pp | 70.6%-13.2pp |
| Annual return | 25.05% | 28.83%-3.8pp | 69.93%-44.9pp | 31.24%-6.2pp |
| Employer contribution / active EE | $1,293 | $2,569-49.7% | $4,341-70.2% | $2,726-52.6% |
| Participant deferral / active EE | $3,489 | $4,897-28.7% | $6,031-42.2% | $4,647-24.9% |
| Admin fee / account holder | $394 | $339+16.2% | $12,690-96.9% | $430-8.3% |