Filed March 4, 2024
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 · GREEN VILLAGE, CO 80111 | Investment Management | $29,797 |
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $6,298 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $19,772 | $61,272-67.7% | $149,673-86.8% | $71,457-72.3% |
| Participation rate | 92.8% | 62.5%+30.3pp | 78.8%+14.1pp | 67.9%+24.9pp |
| Annual return | 16.71% | 35.85%-19.1pp | 134.42%-117.7pp | 28.85%-12.1pp |
| Employer contribution / active EE | $1,633 | $2,378-31.3% | $4,818-66.1% | $2,588-36.9% |
| Participant deferral / active EE | $4,830 | $2,917+65.6% | $5,680-15.0% | $4,289+12.6% |
| Admin fee / account holder | $72 | $1,261-94.3% | $13,210-99.5% | $1,587-95.5% |