Filed April 16, 2018
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 ANNU INS COMPANY OF AMERICA Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $7,073 |
Service code 26 · EIN 42-1445429 | Advisory (Participants) | $6,817 |
AMERICAN FUNDS6 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 37 · EIN 95-1411037 | Loan Processing | $450 |
Service code 13 · EIN 23-1735188 | Contract Administrator | $257 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,659 | $51,197-49.9% | $82,719-69.0% | $66,914-61.7% |
| Participation rate | 56.4% | 67.8%-11.4pp | 72.6%-16.1pp | 69.8%-13.4pp |
| Annual return | -15.03% | -9.64%-5.4pp | 701.18%-716.2pp | 1.58%-16.6pp |
| Employer contribution / active EE | $814 | $2,611-68.8% | $3,009-72.9% | $2,544-68.0% |
| Participant deferral / active EE | $1,357 | $3,458-60.8% | $4,395-69.1% | $4,237-68.0% |
| Admin fee / account holder | $168 | $416-59.6% | $5,329-96.8% | $593-71.7% |