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 | $21,476 |
ALLIANCE BENEFIT GROUP8 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416 | Contract Administrator | $2,256 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $44,569 | $52,406-15.0% | $129,207-65.5% | $74,495-40.2% |
| Participation rate | 38.3% | 53.8%-15.5pp | 69.6%-31.4pp | 67.2%-28.9pp |
| Annual return | 14.24% | 15.66%-1.4pp | 9417.33%-9403.1pp | 1364.94%-1350.7pp |
| Employer contribution / active EE | $1,242 | $1,531-18.8% | $4,153-70.1% | $2,623-52.6% |
| Participant deferral / active EE | $1,783 | $2,794-36.2% | $4,168-57.2% | $4,346-59.0% |
| Admin fee / account holder | $198 | $2,633-92.5% | $7,715-97.4% | $1,942-89.8% |