Filed December 22, 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 ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $88,459 |
MMA SECURITIES LLC7 years Service code 55 PO BOX 9497 · NEW YORK, NY 10087 | Other Commissions | $55,849 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $52,355 |
Filed as: BENCHMARK RETIREMENT PLAN SVCS Service code 13 2215 PLANK ROAD STE 249 · FREDERICKSBURG, VA 22401 | Contract Administrator | $14,960 |
Service code 27 1801 CALIFORNIA STREET · DENVER, CO 80202 | Advisory (Plan) | $8,605 |
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 | $39,759 | $107,459-63.0% | $135,903-70.7% | $80,160-50.4% |
| Participation rate | 28.3% | 78.0%-49.8pp | 81.9%-53.6pp | 72.9%-44.6pp |
| Annual return | 17.74% | 91.91%-74.2pp | 68.23%-50.5pp | 40.38%-22.6pp |
| Employer contribution / active EE | $146 | $3,877-96.2% | $4,856-97.0% | $2,978-95.1% |
| Participant deferral / active EE | $3,040 | $8,195-62.9% | $7,758-60.8% | $5,017-39.4% |
| Admin fee / account holder | $229 | $127+80.4% | $10,762-97.9% | $145+58.0% |