Filed June 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: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $76,099 |
GENEOS WEALTH MANAGEMENT INC6 years Service code 55 9635 MAROON CIR · ENGLEWOOD, CO 80112 | Other Commissions | $25,151 |
NOVA 401(K) ASSOCIATES11+ years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $12,593 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $9,309 |
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 | $43,934 | $30,588+43.6% | $53,898-18.5% | $85,563-48.7% |
| Participation rate | 18.0% | 26.3%-8.4pp | 55.0%-37.0pp | 66.0%-48.0pp |
| Annual return | 15.27% | 50.42%-35.1pp | 528.60%-513.3pp | 31.51%-16.2pp |
| Employer contribution / active EE | $164 | $436-62.3% | $932-82.4% | $2,654-93.8% |
| Participant deferral / active EE | $876 | $848+3.3% | $1,826-52.0% | $4,375-80.0% |
| Admin fee / account holder | $319 | $1,879-83.0% | $2,491-87.2% | $834-61.8% |