Filed March 19, 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 5-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 |
|---|---|---|
LPL FINANCIAL3 years Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150 | Advisory (Plan) | $119,230 |
STRATOS WEALTH PARTNERS2 years Service code 27 3750 PARK EAST DR STE 200 · BEACHWOOD, OH 44122 | Advisory (Plan) | $119,230 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $112,393 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant 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.
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 | $34,698 | $128,169-72.9% | $147,005-76.4% | $106,408-67.4% |
| Participation rate | 18.6% | 67.3%-48.8pp | 82.2%-63.6pp | 69.9%-51.3pp |
| Annual return | 50.74% | 17.88%+32.9pp | 418.76%-368.0pp | 17.37%+33.4pp |
| Employer contribution / active EE | $103 | $3,374-97.0% | $4,934-97.9% | $3,361-97.0% |
| Participant deferral / active EE | $946 | $7,665-87.7% | $8,070-88.3% | $5,567-83.0% |
| Admin fee / account holder | $61 | $88-30.4% | $13,006-99.5% | $79-22.6% |