Filed June 7, 2019
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 6-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 ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $16,105 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $1,961 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $67,348 | $47,126+42.9% | $149,673-55.0% | $74,419-9.5% |
| Participation rate | 49.6% | 63.4%-13.8pp | 78.8%-29.1pp | 70.7%-21.1pp |
| Annual return | 14.22% | 22.75%-8.5pp | 134.42%-120.2pp | 34.38%-20.2pp |
| Employer contribution / active EE | $1,408 | $1,905-26.1% | $4,818-70.8% | $2,637-46.6% |
| Participant deferral / active EE | $2,702 | $2,728-0.9% | $5,680-52.4% | $4,528-40.3% |
| Admin fee / account holder | $114 | $343-66.7% | $13,210-99.1% | $348-67.2% |