Filed January 25, 2021 (most recent of 2 filings on file)
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 4-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 15 · EIN 84-0467907 | Recordkeeping | $64,555 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $138,052 | $47,126+192.9% | $149,673-7.8% | $74,419+85.5% |
| Participation rate | 31.1% | 63.4%-32.3pp | 78.8%-47.7pp | 70.7%-39.6pp |
| Annual return | -10.37% | 22.75%-33.1pp | 134.42%-144.8pp | 34.38%-44.8pp |
| Employer contribution / active EE | $3,578 | $1,905+87.8% | $4,818-25.7% | $2,637+35.7% |
| Participant deferral / active EE | $5,646 | $2,728+107.0% | $5,680-0.6% | $4,528+24.7% |
| Admin fee / account holder | $371 | $343+8.3% | $13,210-97.2% | $348+6.7% |