Filed July 9, 2018
Total covered: 4 employees
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 Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $63,016 |
HAZARD & SIEGEL INC6 years Filed as: HAZARD & SIEGEL INC. Service code 27 · EIN 16-0954584 5793 WIDEWATERS PKWY · SYRACUSE, NY 13214 | Advisory (Plan) | $60,785 |
THE RETIREMENT ADVANTAGE INC9+ years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 13 | Contract Administrator | $6,000 |
Service code 13 101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074 | Contract Administrator | $5,155 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,566 | $130,194-55.8% | $169,993-66.1% | $71,457-19.4% |
| Participation rate | 83.6% | 86.1%-2.6pp | 87.0%-3.4pp | 67.9%+15.7pp |
| Annual return | 20.77% | 20.37%+0.4pp | 53.37%-32.6pp | 28.85%-8.1pp |
| Employer contribution / active EE | $3,151 | $4,381-28.1% | $6,785-53.6% | $2,588+21.8% |
| Participant deferral / active EE | $3,427 | $6,923-50.5% | $10,408-67.1% | $4,289-20.1% |
| Admin fee / account holder | $546 | $966-43.4% | $12,815-95.7% | $1,587-65.6% |