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 Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $40,495 |
Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534 | Advisory (Plan) | $40,348 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,562 | $92,055-6.0% | $106,213-18.5% | $77,643+11.5% |
| Participation rate | 38.5% | 81.0%-42.5pp | 75.3%-36.8pp | 70.6%-32.1pp |
| Annual return | 10.35% | 17.91%-7.6pp | 116.14%-105.8pp | 31.24%-20.9pp |
| Employer contribution / active EE | $1,281 | $3,367-62.0% | $3,171-59.6% | $2,726-53.0% |
| Participant deferral / active EE | $2,144 | $5,386-60.2% | $5,016-57.2% | $4,647-53.9% |
| Admin fee / account holder | $241 | $219+10.2% | $11,033-97.8% | $430-43.9% |