Filed July 6, 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 3-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 | $29,733 |
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 | $145,812 | $92,055+58.4% | $106,213+37.3% | $77,643+87.8% |
| Participation rate | 94.4% | 81.0%+13.4pp | 75.3%+19.2pp | 70.6%+23.9pp |
| Annual return | 14.05% | 17.91%-3.9pp | 116.14%-102.1pp | 31.24%-17.2pp |
| Employer contribution / active EE | $8,439 | $3,367+150.6% | $3,171+166.1% | $2,726+209.6% |
| Participant deferral / active EE | $7,702 | $5,386+43.0% | $5,016+53.5% | $4,647+65.7% |
| Admin fee / account holder | $86 | $219-60.8% | $11,033-99.2% | $430-80.0% |