Filed November 29, 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 | $29,146 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $21,047 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $11,656 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,100 | $35,197+25.3% | $53,898-18.2% | $102,872-57.1% |
| Participation rate | 9.5% | 29.6%-20.0pp | 55.0%-45.4pp | 73.0%-63.5pp |
| Annual return | 26.12% | 17.55%+8.6pp | 528.60%-502.5pp | 19.06%+7.1pp |
| Employer contribution / active EE | $310 | $713-56.5% | $932-66.7% | $3,526-91.2% |
| Participant deferral / active EE | $652 | $1,333-51.1% | $1,826-64.3% | $5,535-88.2% |
| Admin fee / account holder | $390 | $834-53.3% | $2,491-84.4% | $292+33.4% |