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 | $123,154 |
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $70,090 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $36,182 |
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.)
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 | $81,485 | $71,964+13.2% | $167,512-51.4% | $85,563-4.8% |
| Participation rate | 56.9% | 61.0%-4.1pp | 77.1%-20.2pp | 66.0%-9.1pp |
| Annual return | 19.02% | 18.83%+0.2pp | 1615.79%-1596.8pp | 31.51%-12.5pp |
| Employer contribution / active EE | $2,200 | $1,875+17.4% | $3,882-43.3% | $2,654-17.1% |
| Participant deferral / active EE | $4,614 | $4,110+12.3% | $6,405-28.0% | $4,375+5.5% |
| Admin fee / account holder | $343 | $815-57.9% | $9,769-96.5% | $834-58.9% |