Filed August 3, 2020
Total covered: 2 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 |
|---|---|---|
Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $150,105 |
Service code 27 11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210 | Advisory (Plan) | $30,900 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $10,352 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $28,917 | $45,000-35.7% | $143,757-79.9% | $77,904-62.9% |
| Participation rate | 44.0% | 66.8%-22.8pp | 80.3%-36.3pp | 73.7%-29.7pp |
| Annual return | -15.86% | 29.03%-44.9pp | -0.04%-15.8pp | 12.21%-28.1pp |
| Employer contribution / active EE | $835 | $1,870-55.3% | $4,951-83.1% | $2,848-70.7% |
| Participant deferral / active EE | $1,461 | $3,157-53.7% | $5,637-74.1% | $4,806-69.6% |
| Admin fee / account holder | $187 | $98+90.1% | $14,673-98.7% | $133+41.1% |