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 TRUST8+ years Service code 27 2036 WASHINGTON ST · HANOVER, MA 02339 | Advisory (Plan) | $58,493 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $39,358 |
RSM US LLP4 years Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674 | Accounting | $31,920 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $117,234 | $71,142+64.8% | $119,609-2.0% | $64,808+80.9% |
| Participation rate | 82.0% | 78.6%+3.4pp | 79.3%+2.7pp | 71.5%+10.5pp |
| Annual return | -9.83% | -10.01%+0.2pp | -14.97%+5.1pp | 32.82%-42.7pp |
| Employer contribution / active EE | $7,625 | $2,497+205.3% | $4,232+80.2% | $2,506+204.3% |
| Participant deferral / active EE | $4,594 | $4,490+2.3% | $5,602-18.0% | $4,310+6.6% |
| Admin fee / account holder | $517 | $162+218.9% | $10,323-95.0% | $188+175.3% |