Filed November 9, 2023
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 INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $71,884 |
Service code 25 PO BOX 986 1100 W ST GERMAIN ST · ST CLOUD, MN 56301 | Directed Trustee | $33,664 |
Service code 27 324 W SUPERIOR ST STE 1000 · DULUTH, MN 55802 | Advisory (Plan) | $27,980 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $8,094 |
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 | $106,176 | $88,890+19.4% | $102,423+3.7% | $77,643+36.7% |
| Participation rate | 93.0% | 80.9%+12.1pp | 76.5%+16.5pp | 70.6%+22.4pp |
| Annual return | 16.42% | 24.98%-8.6pp | 29.32%-12.9pp | 31.24%-14.8pp |
| Employer contribution / active EE | $0 | $2,698-100.0% | $3,023-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $7,127 | $5,145+38.5% | $5,053+41.1% | $4,647+53.4% |
| Admin fee / account holder | $424 | $235+80.1% | $9,451-95.5% | $430-1.5% |