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 | $25,104 |
ALLIANCE BENEFIT GROUP9 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416 | Contract Administrator | $2,547 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $56,238 | $53,516+5.1% | $126,539-55.6% | $84,808-33.7% |
| Participation rate | 70.0% | 58.2%+11.8pp | 69.8%+0.2pp | 68.3%+1.7pp |
| Annual return | 18.18% | 58.34%-40.2pp | 425.95%-407.8pp | 40.90%-22.7pp |
| Employer contribution / active EE | $2,014 | $1,535+31.2% | $3,674-45.2% | $2,631-23.4% |
| Participant deferral / active EE | $2,899 | $2,671+8.6% | $4,083-29.0% | $4,212-31.2% |
| Admin fee / account holder | $237 | $4,497-94.7% | $6,065-96.1% | $7,344-96.8% |