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 | $9,083 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,775 | $47,126+1.4% | $149,673-68.1% | $74,419-35.8% |
| Participation rate | 50.9% | 63.4%-12.5pp | 78.8%-27.9pp | 70.7%-19.8pp |
| Annual return | 17.90% | 22.75%-4.9pp | 134.42%-116.5pp | 34.38%-16.5pp |
| Employer contribution / active EE | $762 | $1,905-60.0% | $4,818-84.2% | $2,637-71.1% |
| Participant deferral / active EE | $1,146 | $2,728-58.0% | $5,680-79.8% | $4,528-74.7% |
| Admin fee / account holder | $13 | $343-96.2% | $13,210-99.9% | $348-96.3% |