Filed October 9, 2020
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 | $32,299 |
UNITED BENEFITS GROUP10+ years Service code 13 PO BOX 169005 · KANSAS CITY, MO 64116 | Contract Administrator | $26,533 |
Service code 27 100 NORTH BROADWAY · ALBERT LEA, MN 56007 | Advisory (Plan) | $5,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $71,394 | $72,994-2.2% | $120,354-40.7% | $77,643-8.0% |
| Participation rate | 56.3% | 55.2%+1.1pp | 71.9%-15.6pp | 70.6%-14.2pp |
| Annual return | 12.76% | 18.23%-5.5pp | 107.15%-94.4pp | 31.24%-18.5pp |
| Employer contribution / active EE | $684 | $1,793-61.8% | $3,463-80.2% | $2,726-74.9% |
| Participant deferral / active EE | $2,068 | $3,011-31.3% | $4,991-58.6% | $4,647-55.5% |
| Admin fee / account holder | $169 | $658-74.3% | $9,423-98.2% | $430-60.8% |