Filed May 16, 2022 (most recent of 4 filings on file)
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 CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $47,411 |
Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 154 HANSEN RD STE 102 · CHARLOTTESVILLE, VA 22911 | Contract Administrator | $36,677 |
LUTZ & COMPANY, PC2 years Filed as: LUTZ & COMPANY PC Service code 10 13616 CALIFORNIA ST STE 300 · OMAHA, NE 68154 | Accounting | $26,000 |
DA DAVIDSON & CO8 years Service code 27 8 THIRD ST NORTH · GREAT FALLS, MT 59401 | Advisory (Plan) | $21,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $60,312 | $98,727-38.9% | $113,168-46.7% | $85,563-29.5% |
| Participation rate | 94.3% | 80.8%+13.5pp | 76.6%+17.8pp | 66.0%+28.4pp |
| Annual return | 19.30% | 17.43%+1.9pp | 24.27%-5.0pp | 31.51%-12.2pp |
| Employer contribution / active EE | $4,604 | $2,907+58.4% | $2,975+54.7% | $2,654+73.5% |
| Participant deferral / active EE | $0 | $5,424-100.0% | $5,107-100.0% | $4,375-100.0% |
| Admin fee / account holder | $389 | $357+9.0% | $12,068-96.8% | $834-53.4% |