Filed September 27, 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 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: COMMONWEALTH EQUITY SERVICES LLC DB Service code 27 29 SAWYER ROAD · WALTHAM, MA 024533483 | Advisory (Plan) | $15,087 |
Service code 13 ONE RAYMOND DR STE 7 · HAVERTOWN, PA 19083 | Contract Administrator | $8,611 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,507 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $86,196 | $62,127+38.7% | $81,382+5.9% | $74,495+15.7% |
| Participation rate | 59.2% | 64.0%-4.8pp | 69.5%-10.3pp | 67.2%-8.0pp |
| Annual return | 10.38% | 16.48%-6.1pp | 24.73%-14.4pp | 1364.94%-1354.6pp |
| Employer contribution / active EE | $2,008 | $1,882+6.7% | $2,463-18.5% | $2,623-23.4% |
| Participant deferral / active EE | $4,193 | $3,229+29.9% | $3,883+8.0% | $4,346-3.5% |
| Admin fee / account holder | $225 | $1,934-88.4% | $5,768-96.1% | $1,942-88.4% |