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 |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $182,611 |
Service code 27 PO BOX 735399 · DALLAS, TX 753735399 | Advisory (Plan) | $42,127 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $14,408 |
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).
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 | $36,452 | $53,136-31.4% | $155,509-76.6% | $199,593-81.7% |
| Participation rate | 32.2% | 64.1%-31.9pp | 78.2%-46.0pp | 72.0%-39.7pp |
| Annual return | 11.27% | 41.15%-29.9pp | 64.67%-53.4pp | 34.25%-23.0pp |
| Employer contribution / active EE | $643 | $1,851-65.2% | $4,672-86.2% | $3,034-78.8% |
| Participant deferral / active EE | $1,165 | $3,161-63.2% | $5,626-79.3% | $5,087-77.1% |
| Admin fee / account holder | $249 | $185+34.2% | $15,912-98.4% | $269-7.4% |