Filed May 17, 2022
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: NORTHWESTERN MUTUAL INVST SVC Service code 27 611 E WISCONSON AVE · MILWAUKEE, WI 53202 | Advisory (Plan) | $27,795 |
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Direct Payment | $17,575 |
WATKINS ROSS4 years Filed as: WATKINS ROSS & COMPANY Service code 13 · EIN 38-1477362 200 OTTAWA AVE NW, · GRAND RAPIDS, MI 495032426 | Contract Administrator | $9,516 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,921 | $54,193+34.6% | $93,654-22.1% | $77,671-6.1% |
| Participation rate | 55.8% | 63.9%-8.2pp | 68.7%-12.9pp | 70.6%-14.8pp |
| Annual return | 16.41% | 30.54%-14.1pp | 133.34%-116.9pp | 31.21%-14.8pp |
| Employer contribution / active EE | $1,449 | $1,168+24.0% | $2,421-40.2% | $2,726-46.9% |
| Participant deferral / active EE | $3,004 | $3,144-4.4% | $4,413-31.9% | $4,648-35.4% |
| Admin fee / account holder | $0 | $576-100.0% | $8,282-100.0% | $430-100.0% |