Filed January 19, 2023 (most recent of 3 filings on file)
Total covered: 6 employees
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 ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $65,893 |
Filed as: FIFTH THIRD BANK Service code 27 38 FOUNTAIN SQ PLZ · CINCINNATI, OH 45263 | Advisory (Plan) | $23,799 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $22,126 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $28,215 | $50,127-43.7% | $149,673-81.1% | $80,160-64.8% |
| Participation rate | 31.5% | 64.3%-32.8pp | 78.8%-47.3pp | 72.9%-41.4pp |
| Annual return | 15.42% | 29.82%-14.4pp | 134.42%-119.0pp | 40.38%-25.0pp |
| Employer contribution / active EE | $528 | $1,865-71.7% | $4,818-89.0% | $2,978-82.3% |
| Participant deferral / active EE | $1,227 | $3,194-61.6% | $5,680-78.4% | $5,017-75.6% |
| Admin fee / account holder | $141 | $153-7.6% | $13,210-98.9% | $145-2.7% |