Filed June 28, 2016
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 15 · EIN 84-0467907 | Recordkeeping | $64,217 |
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $39,353 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,951 | $81,908-13.4% | $90,749-21.8% | $64,808+9.5% |
| Participation rate | 31.5% | 80.5%-49.0pp | 75.7%-44.2pp | 71.5%-40.0pp |
| Annual return | -8.49% | -12.53%+4.0pp | -12.16%+3.7pp | 32.82%-41.3pp |
| Employer contribution / active EE | $1,049 | $3,065-65.8% | $2,921-64.1% | $2,506-58.1% |
| Participant deferral / active EE | $1,785 | $4,840-63.1% | $4,564-60.9% | $4,310-58.6% |
| Admin fee / account holder | $179 | $157+14.1% | $8,445-97.9% | $188-4.5% |