See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION11+ years Filed as: SUMMIT FINANCIAL WEALTH ADVISORS, L Service code 27 PO BOX 53007 · LAFAYETTE, LA 70505 | Advisory (Plan) | $24,659 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $1,012 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $156,179 | $87,870+77.7% | $113,168+38.0% | $74,304+110.2% |
| Participation rate | 40.6% | 70.7%-30.2pp | 76.6%-36.0pp | 60.3%-19.8pp |
| Annual return | 11.72% | 26.44%-14.7pp | 24.27%-12.5pp | 29.43%-17.7pp |
| Employer contribution / active EE | $394 | $2,277-82.7% | $2,975-86.7% | $2,241-82.4% |
| Participant deferral / active EE | $4,048 | $4,241-4.5% | $5,107-20.7% | $3,767+7.5% |
| Admin fee / account holder | $467 | $3,368-86.1% | $12,068-96.1% | $2,969-84.3% |