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 ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $38,889 |
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).
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 | $75,810 | $50,815+49.2% | $155,509-51.3% | $77,643-2.4% |
| Participation rate | 48.2% | 63.1%-14.9pp | 78.2%-30.0pp | 70.6%-22.4pp |
| Annual return | 14.29% | 34.80%-20.5pp | 64.67%-50.4pp | 31.24%-16.9pp |
| Employer contribution / active EE | $1,245 | $1,993-37.5% | $4,672-73.4% | $2,726-54.3% |
| Participant deferral / active EE | $2,768 | $2,822-1.9% | $5,626-50.8% | $4,647-40.4% |
| Admin fee / account holder | $180 | $437-58.8% | $15,912-98.9% | $430-58.2% |