Filed August 30, 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 |
|---|---|---|
THE VANGUARD GROUP, INC.7 years Service code 15 · EIN 23-1945930 | Recordkeeping | $20,188 |
COMMONWEALTH FINANCIAL NETWORK10+ years Service code 27 29 SAWYER RD. · WALTHAM, MA 02453 | Advisory (Plan) | $16,000 |
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 | $104,408 | $79,171+31.9% | $102,423+1.9% | $74,495+40.2% |
| Participation rate | 91.1% | 74.8%+16.3pp | 76.5%+14.6pp | 67.2%+23.9pp |
| Annual return | 16.29% | 54.93%-38.6pp | 29.32%-13.0pp | 1364.94%-1348.7pp |
| Employer contribution / active EE | $1,834 | $2,362-22.3% | $3,023-39.3% | $2,623-30.1% |
| Participant deferral / active EE | $5,751 | $4,415+30.2% | $5,053+13.8% | $4,346+32.3% |
| Admin fee / account holder | $260 | $2,001-87.0% | $9,451-97.2% | $1,942-86.6% |