Filed May 17, 2023 (most recent of 3 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 3-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 Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $82,811 |
THE FINWAY GROUP3+ years Filed as: THE FINWAY GROUP, LLC Service code 13 5625 MILLS CIVIC PARKWAY · WEST DES MOINES, IA 50266 | Contract Administrator | $61,822 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $55,239 |
BLUM SHAPIRO1 year Filed as: CLIFTONLARSON ALLEN LLP Service code 10 · EIN 41-0746749 | Accounting | $25,725 |
Service code 27 REDWOOD HWY · SAN RAFEAL, CA 94903 | Advisory (Plan) | $20,909 |
Filed as: WELLTH ADVISORY SERVICES Service code 27 722 ESSINGTON RD · JOLIET, IL 60435 | Advisory (Plan) | $14,888 |
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.
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 | $100,939 | $79,171+27.5% | $102,423-1.4% | $74,495+35.5% |
| Participation rate | 86.1% | 74.8%+11.3pp | 76.5%+9.7pp | 67.2%+18.9pp |
| Annual return | 9.38% | 54.93%-45.6pp | 29.32%-19.9pp | 1364.94%-1355.6pp |
| Employer contribution / active EE | $4,721 | $2,362+99.8% | $3,023+56.1% | $2,623+80.0% |
| Participant deferral / active EE | $9,471 | $4,415+114.5% | $5,053+87.4% | $4,346+117.9% |
| Admin fee / account holder | $704 | $2,001-64.8% | $9,451-92.6% | $1,942-63.8% |