Filed March 19, 2024 (most recent of 3 filings on file)
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 LIFE & ANNUITY INSURANCE Service code 64 COMPAY OF NY · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $50,964 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,669 | $50,127-12.9% | $149,673-70.8% | $80,160-45.5% |
| Participation rate | 36.0% | 64.3%-28.2pp | 78.8%-42.7pp | 72.9%-36.9pp |
| Annual return | 17.31% | 29.82%-12.5pp | 134.42%-117.1pp | 40.38%-23.1pp |
| Employer contribution / active EE | $0 | $1,865-100.0% | $4,818-100.0% | $2,978-100.0% |
| Participant deferral / active EE | $2,078 | $3,194-34.9% | $5,680-63.4% | $5,017-58.6% |
| Admin fee / account holder | $57 | $153-62.8% | $13,210-99.6% | $145-60.8% |