Filed June 29, 2021
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 9-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 |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $80,280 |
MMA SECURITIES LLC3 years Service code 27 · EIN 22-3570392 | Advisory (Plan) | $30,394 |
Service code 13 · EIN 58-1485803 | Contract Administrator | $12,606 |
SMITH & HOWARD, PC6 years Service code 10 · EIN 58-1250486 | Accounting | $9,000 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,584 | $96,018-32.7% | $65,493-1.4% | $85,563-24.5% |
| Participation rate | 84.8% | 74.8%+10.0pp | 73.1%+11.7pp | 66.0%+18.8pp |
| Annual return | 17.27% | 14.51%+2.8pp | 982.45%-965.2pp | 31.51%-14.2pp |
| Employer contribution / active EE | $2,068 | $3,235-36.1% | $2,574-19.7% | $2,654-22.1% |
| Participant deferral / active EE | $4,385 | $4,055+8.2% | $3,961+10.7% | $4,375+0.2% |
| Admin fee / account holder | $301 | $271+11.1% | $5,028-94.0% | $834-64.0% |