Filed November 20, 2023 (most recent of 3 filings on file)
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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 INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $158,912 |
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609 | Advisory (Plan) | $94,875 |
GRANT THORNTON LLP1 year Service code 10 33562 TREASURY CENTER · CHICAGO, IL 606943500 | Accounting | $34,320 |
BAKER TILLY US, LLP2 years Filed as: BAKER TILLY US LLP Service code 99 2599 WILMINGTON RD · NEW CASTLE, PA 16105 | Other Fees | $3,500 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $95,705 | $131,639-27.3% | $112,040-14.6% | $103,975-8.0% |
| Participation rate | 90.7% | 88.3%+2.3pp | 76.5%+14.2pp | 72.5%+18.1pp |
| Annual return | 10.89% | 14.57%-3.7pp | 24.52%-13.6pp | 19.41%-8.5pp |
| Employer contribution / active EE | $3,718 | $3,865-3.8% | $2,954+25.9% | $3,722-0.1% |
| Participant deferral / active EE | $5,807 | $6,986-16.9% | $5,098+13.9% | $5,343+8.7% |
| Admin fee / account holder | $136 | $134+1.1% | $12,098-98.9% | $332-59.1% |