Filed January 16, 2024
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 27 PO BOX 735399 · DALLAS, TX 753735399 | Advisory (Plan) | $52,703 |
BAKER TILLY US, LLP5 years Service code 10 · EIN 30-1413443 | Accounting | $14,000 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $3,825 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $107,710 | $104,919+2.7% | $116,228-7.3% | $85,563+25.9% |
| Participation rate | 61.4% | 78.6%-17.3pp | 74.6%-13.2pp | 66.0%-4.6pp |
| Annual return | 13.44% | 15.38%-1.9pp | 90.06%-76.6pp | 31.51%-18.1pp |
| Employer contribution / active EE | $7 | $3,485-99.8% | $2,994-99.8% | $2,654-99.7% |
| Participant deferral / active EE | $3,949 | $5,306-25.6% | $4,953-20.3% | $4,375-9.7% |
| Admin fee / account holder | $270 | $429-36.9% | $11,989-97.7% | $834-67.6% |