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 |
|---|---|---|
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $36,829 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $32,969 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $68,909 | $84,784-18.7% | $98,439-30.0% | $74,419-7.4% |
| Participation rate | 36.3% | 81.5%-45.2pp | 75.2%-38.9pp | 70.7%-34.4pp |
| Annual return | 10.97% | 20.59%-9.6pp | 21.16%-10.2pp | 34.38%-23.4pp |
| Employer contribution / active EE | $1,096 | $3,364-67.4% | $3,048-64.0% | $2,637-58.5% |
| Participant deferral / active EE | $1,920 | $5,218-63.2% | $4,738-59.5% | $4,528-57.6% |
| Admin fee / account holder | $211 | $204+3.4% | $8,948-97.6% | $348-39.2% |