Filed October 16, 2023
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 Service code 64 · EIN 04-1590850 | Recordkeeping Fees | $17,548 |
ALLIANCE BENEFIT GROUP7 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416 | Contract Administrator | $1,867 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,019 | $48,335-19.3% | $121,098-67.8% | $71,457-45.4% |
| Participation rate | 46.2% | 54.3%-8.1pp | 69.5%-23.3pp | 67.9%-21.8pp |
| Annual return | 16.31% | 23.32%-7.0pp | 985.75%-969.4pp | 28.85%-12.5pp |
| Employer contribution / active EE | $1,416 | $1,489-4.9% | $4,164-66.0% | $2,588-45.3% |
| Participant deferral / active EE | $1,983 | $2,754-28.0% | $4,080-51.4% | $4,289-53.8% |
| Admin fee / account holder | $165 | $1,841-91.1% | $5,644-97.1% | $1,587-89.6% |