Filed September 14, 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 INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $11,789 |
PENTEGRA SERVICES, INC.3 years Filed as: PENTEGRA SERVICES INC Service code 13 701 WESTCHESTER AVE STE 320E · CHARLOTTE, NC 28217 | Contract Administrator | $8,390 |
MMLIS3 years Service code 27 1295 STATE ST · SPRINGFIELD, MA 011110001 | Advisory (Plan) | $7,000 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,041 |
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 | $14,419 | $49,915-71.1% | $154,803-90.7% | $74,304-80.6% |
| Participation rate | 96.2% | 54.0%+42.3pp | 78.1%+18.1pp | 60.3%+35.9pp |
| Annual return | 37.37% | 34.06%+3.3pp | 58.88%-21.5pp | 29.43%+7.9pp |
| Employer contribution / active EE | $1,223 | $1,611-24.1% | $4,305-71.6% | $2,241-45.4% |
| Participant deferral / active EE | $2,484 | $2,255+10.2% | $5,540-55.2% | $3,767-34.1% |
| Admin fee / account holder | $116 | $2,189-94.7% | $14,329-99.2% | $2,969-96.1% |