Filed November 17, 2022 (most recent of 3 filings on file)
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 Service code 64 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $137,779 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $145,564 | $103,641+40.4% | $107,525+35.4% | $102,872+41.5% |
| Participation rate | 44.1% | 79.4%-35.3pp | 75.1%-31.0pp | 73.0%-28.9pp |
| Annual return | 4.92% | 13.08%-8.2pp | 181.32%-176.4pp | 19.06%-14.1pp |
| Employer contribution / active EE | $1,087 | $5,096-78.7% | $3,754-71.0% | $3,526-69.2% |
| Participant deferral / active EE | $4,413 | $3,789+16.5% | $5,116-13.7% | $5,535-20.3% |
| Admin fee / account holder | $85 | $276-69.3% | $8,919-99.0% | $292-71.0% |