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 | $85,771 |
Filed as: EMPOWER LIFE & ANNUITY INSURANCE-NY Service code 15 · EIN 93-1225432 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $31,759 |
CREATIVE PENSION CONSULTANTS, INC.10+ years Service code 13 435 NEW KARNER ROAD · ALBANY, NY 12205 | Contract Administrator | $24,595 |
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).
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 | $133,070 | $108,549+22.6% | $156,263-14.8% | $85,563+55.5% |
| Participation rate | 65.3% | 77.1%-11.8pp | 78.9%-13.6pp | 66.0%-0.7pp |
| Annual return | 14.00% | 21.79%-7.8pp | 59.47%-45.5pp | 31.51%-17.5pp |
| Employer contribution / active EE | $1,551 | $2,690-42.3% | $4,333-64.2% | $2,654-41.6% |
| Participant deferral / active EE | $3,861 | $4,800-19.6% | $6,158-37.3% | $4,375-11.8% |
| Admin fee / account holder | $405 | $650-37.6% | $14,255-97.2% | $834-51.4% |