Filed February 26, 2020
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: MML INVESTORS SERVICES LLC Service code 27 · EIN 04-1590850 | Advisory (Plan) | $28,221 |
Filed as: TRANSAMERICA RET SOLUTIONS, LLC Service code 15 · EIN 13-3689044 | Recordkeeping | $27,279 |
Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 15 · EIN 23-3044062 | Recordkeeping | $1,025 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $128,450 | $81,460+57.7% | $103,333+24.3% | $80,856+58.9% |
| Participation rate | 80.3% | 66.8%+13.4pp | 74.5%+5.8pp | 67.6%+12.6pp |
| Annual return | 13.27% | 25.55%-12.3pp | 24.88%-11.6pp | 35.59%-22.3pp |
| Employer contribution / active EE | $4,592 | $3,105+47.9% | $3,868+18.7% | $2,755+66.7% |
| Participant deferral / active EE | $10,432 | $3,869+169.6% | $5,057+106.3% | $4,296+142.8% |
| Admin fee / account holder | $614 | $6,566-90.6% | $8,355-92.6% | $6,918-91.1% |