Filed January 10, 2024
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 ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $356,941 |
WELLS FARGO BANK, N.A.11+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $115,003 |
CLARK NUBER3 years Filed as: CLARK NUBER PS Service code 10 10900 NE 4TH ST STE 1400 · BELLEVUE, WA 98004 | Accounting | $35,438 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $18,078 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $52,223 | $130,267-59.9% | $145,661-64.1% | $102,872-49.2% |
| Participation rate | 87.4% | 83.3%+4.1pp | 77.2%+10.2pp | 73.0%+14.4pp |
| Annual return | 18.48% | 17.79%+0.7pp | 101.46%-83.0pp | 19.06%-0.6pp |
| Employer contribution / active EE | $1,611 | $4,061-60.3% | $4,238-62.0% | $3,526-54.3% |
| Participant deferral / active EE | $4,628 | $6,550-29.3% | $7,198-35.7% | $5,535-16.4% |
| Admin fee / account holder | $93 | $396-76.6% | $12,466-99.3% | $292-68.3% |