Filed July 13, 2023
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 | $19,175 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $78 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $92,419 | $49,451+86.9% | $79,550+16.2% | $66,914+38.1% |
| Participation rate | 32.4% | 61.3%-28.9pp | 69.5%-37.1pp | 69.8%-37.4pp |
| Annual return | -12.86% | 84.25%-97.1pp | 0.16%-13.0pp | 1.58%-14.4pp |
| Employer contribution / active EE | $180 | $1,266-85.8% | $2,413-92.5% | $2,544-92.9% |
| Participant deferral / active EE | $2,182 | $3,159-30.9% | $3,985-45.2% | $4,237-48.5% |
| Admin fee / account holder | $350 | $595-41.1% | $6,832-94.9% | $593-41.0% |