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 |
|---|---|---|
MMLIS2 years Service code 27 1295 STATE ST · SPRINGFIELD, MA 011110001 | Advisory (Plan) | $7,000 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $6,365 |
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC Service code 13 5350 77 CENTER DR. STE 200 · CHARLOTTE, NC 28217 | Contract Administrator | $3,692 |
Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $526 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,698 | $55,415-82.5% | $155,509-93.8% | $74,495-87.0% |
| Participation rate | 81.9% | 61.9%+20.0pp | 78.2%+3.7pp | 67.2%+14.7pp |
| Annual return | 9.70% | 268.50%-258.8pp | 64.67%-55.0pp | 1364.94%-1355.2pp |
| Employer contribution / active EE | $366 | $2,267-83.9% | $4,672-92.2% | $2,623-86.1% |
| Participant deferral / active EE | $1,059 | $2,836-62.7% | $5,626-81.2% | $4,346-75.6% |
| Admin fee / account holder | $71 | $1,738-95.9% | $15,912-99.6% | $1,942-96.3% |