Filed August 16, 2021 (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 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 ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $51,116 |
WELLS FARGO BANK, N.A.11+ years Filed as: WELLS FARGO ADVISORS LLC Service code 99 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Other Fees | $31,950 |
Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $29,528 |
ANDREWS HOOPER PAVLIK PLC3 years Service code 99 5300 GRATIOT · SAGINAW, MI 48638 | Other Fees | $25,050 |
WATKINS ROSS8 years Filed as: WATKINS, ROSS & CO. Service code 13 | Contract Administrator | $10,000 |
WATKINS ROSS7 years Filed as: WATKINS ROSS & COMPANY Service code 13 200 OTTAWA AVE NW, STE 600 · GRAND RAPIDS, MI 49503 | Contract Administrator | $7,526 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,271 | $57,610+15.0% | $154,803-57.2% | $102,872-35.6% |
| Participation rate | 25.6% | 59.5%-33.9pp | 78.1%-52.5pp | 73.0%-47.5pp |
| Annual return | 14.31% | 30.49%-16.2pp | 58.88%-44.6pp | 19.06%-4.8pp |
| Employer contribution / active EE | $574 | $1,883-69.5% | $4,305-86.7% | $3,526-83.7% |
| Participant deferral / active EE | $1,121 | $2,914-61.5% | $5,540-79.8% | $5,535-79.7% |
| Admin fee / account holder | $340 | $368-7.6% | $14,329-97.6% | $292+16.4% |