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 4-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 | $11,398 |
HUNGERFORD NICHOLS1 year Filed as: HUNGERFORD ALDRIN NICHOLS & CARTER Service code 13 2910 LUCERNE DRIVE SE · GRAND RAPIDS, MI 49546 | Contract Administrator | $9,700 |
MIDWEST CAPITAL ADVISORS, LLC2+ years Filed as: MIDWEST CAPITAL ADVISORS LLC Service code 27 3001 ORCHARD VISTA DR SE · GRAND RAPIDS, MI 49546 | Advisory (Plan) | $3,840 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,512 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,315 | $51,197-77.9% | $82,719-86.3% | $66,914-83.1% |
| Participation rate | 44.5% | 67.8%-23.3pp | 72.6%-28.0pp | 69.8%-25.3pp |
| Annual return | -21.99% | -9.64%-12.4pp | 701.18%-723.2pp | 1.58%-23.6pp |
| Employer contribution / active EE | $553 | $2,611-78.8% | $3,009-81.6% | $2,544-78.2% |
| Participant deferral / active EE | $2,253 | $3,458-34.8% | $4,395-48.7% | $4,237-46.8% |
| Admin fee / account holder | $427 | $416+2.7% | $5,329-92.0% | $593-28.1% |