Filed January 26, 2022
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 |
|---|---|---|
ROCKLAND TRUST6+ years Service code 27 2036 WASHINGTON ST · HANOVER, MA 02339 | Advisory (Plan) | $44,124 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $30,112 |
RSM US LLP2 years Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674 | Accounting | $21,763 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $123,619 | $81,474+51.7% | $133,956-7.7% | $73,488+68.2% |
| Participation rate | 86.7% | 76.4%+10.4pp | 79.8%+6.9pp | 70.7%+16.1pp |
| Annual return | 18.36% | 19.40%-1.0pp | 45.09%-26.7pp | 28.51%-10.2pp |
| Employer contribution / active EE | $7,964 | $2,209+260.5% | $3,919+103.2% | $2,270+250.8% |
| Participant deferral / active EE | $3,911 | $3,786+3.3% | $5,048-22.5% | $3,740+4.6% |
| Admin fee / account holder | $447 | $713-37.3% | $8,927-95.0% | $513-12.8% |