Filed December 16, 2021
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 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $70,729 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $69,262 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $10,413 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $41,893 | $50,458-17.0% | $159,960-73.8% | $64,808-35.4% |
| Participation rate | 65.6% | 68.0%-2.4pp | 78.0%-12.4pp | 71.5%-5.9pp |
| Annual return | -15.81% | -13.42%-2.4pp | 408.60%-424.4pp | 32.82%-48.6pp |
| Employer contribution / active EE | $2,383 | $1,722+38.4% | $4,226-43.6% | $2,506-4.9% |
| Participant deferral / active EE | $4,794 | $4,004+19.7% | $6,182-22.5% | $4,310+11.2% |
| Admin fee / account holder | $231 | $706-67.3% | $8,698-97.3% | $188+22.8% |