Filed January 30, 2017
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 8-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 INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $35,282 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 55 PO BOX 509026 · SAN DIEGO, CA 921509026 | Other Commissions | $19,690 |
MY BENEFITS, LLC7+ years Filed as: MY BENEFITS LLC Service code 13 · EIN 45-2098380 PO BOX 745680 · ATLANTA, GA 303745680 | Contract Administrator | $9,239 |
MY BENEFITS, LLC4 years Service code 13 | Contract Administrator | $3,853 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $794 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,597 | $50,127-78.9% | $149,673-92.9% | $80,160-86.8% |
| Participation rate | 42.5% | 64.3%-21.8pp | 78.8%-36.3pp | 72.9%-30.5pp |
| Annual return | 11.93% | 29.82%-17.9pp | 134.42%-122.5pp | 40.38%-28.5pp |
| Employer contribution / active EE | $439 | $1,865-76.5% | $4,818-90.9% | $2,978-85.3% |
| Participant deferral / active EE | $376 | $3,194-88.2% | $5,680-93.4% | $5,017-92.5% |
| Admin fee / account holder | $57 | $153-62.8% | $13,210-99.6% | $145-60.9% |