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 · GREENWOOD VILLAGE, CO 80111 | Investment Management | $43,741 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $8,896 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,185 | $50,982-48.6% | $154,803-83.1% | $85,563-69.4% |
| Participation rate | 82.1% | 59.8%+22.3pp | 78.1%+4.0pp | 66.0%+16.1pp |
| Annual return | 14.97% | 30.35%-15.4pp | 58.88%-43.9pp | 31.51%-16.5pp |
| Employer contribution / active EE | $1,555 | $1,708-9.0% | $4,305-63.9% | $2,654-41.4% |
| Participant deferral / active EE | $3,383 | $2,474+36.7% | $5,540-38.9% | $4,375-22.7% |
| Admin fee / account holder | $104 | $846-87.8% | $14,329-99.3% | $834-87.6% |