Filed July 17, 2015
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 LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907 | Recordkeeping | $14,812 |
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 | $35,283 | $50,982-30.8% | $154,803-77.2% | $85,563-58.8% |
| Participation rate | 34.5% | 59.8%-25.3pp | 78.1%-43.5pp | 66.0%-31.4pp |
| Annual return | -51.60% | 30.35%-81.9pp | 58.88%-110.5pp | 31.51%-83.1pp |
| Employer contribution / active EE | $1,605 | $1,708-6.0% | $4,305-62.7% | $2,654-39.5% |
| Participant deferral / active EE | $2,705 | $2,474+9.3% | $5,540-51.2% | $4,375-38.2% |
| Admin fee / account holder | $44 | $846-94.8% | $14,329-99.7% | $834-94.7% |