Filed September 29, 2022 (most recent of 5 filings on file)
Total covered: 2 employees
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 |
|---|---|---|
UNITED BENEFITS GROUP6 years Service code 13 PO BOX 169005 · KANSAS CITY, MO 64116 | Contract Administrator | $11,269 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $5,515 |
Service code 27 100 NORTH BROADWAY · ALBERT LEA, MN 56007 | Advisory (Plan) | $4,167 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $33,249 | $52,122-36.2% | $104,294-68.1% | $64,808-48.7% |
| Participation rate | 64.6% | 56.0%+8.5pp | 73.3%-8.7pp | 71.5%-6.9pp |
| Annual return | -9.16% | 13.26%-22.4pp | 24.61%-33.8pp | 32.82%-42.0pp |
| Employer contribution / active EE | $0 | $1,627-100.0% | $3,372-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $2,230 | $2,823-21.0% | $4,625-51.8% | $4,310-48.3% |
| Admin fee / account holder | $54 | $155-65.3% | $7,339-99.3% | $188-71.5% |