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 GROUP7 years Service code 13 PO BOX 169005 · KANSAS CITY, MO 64116 | Contract Administrator | $13,522 |
Service code 27 100 NORTH BROADWAY · ALBERT LEA, MN 56007 | Advisory (Plan) | $5,000 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $4,921 |
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 | $39,931 | $57,739-30.8% | $112,229-64.4% | $74,419-46.3% |
| Participation rate | 58.6% | 55.6%+3.0pp | 72.4%-13.8pp | 70.7%-12.1pp |
| Annual return | 16.34% | 19.52%-3.2pp | 30.20%-13.9pp | 34.38%-18.0pp |
| Employer contribution / active EE | $25 | $1,675-98.5% | $3,430-99.3% | $2,637-99.1% |
| Participant deferral / active EE | $2,220 | $2,891-23.2% | $4,798-53.7% | $4,528-51.0% |
| Admin fee / account holder | $65 | $462-85.9% | $7,748-99.2% | $348-81.2% |