Filed January 29, 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 |
|---|---|---|
NATIONWIDE4+ years Service code 37 · EIN 31-1592130 | Loan Processing | $74,288 |
SUMMIT FINANCIAL CORPORATION4+ years Service code 13 · EIN 04-3222046 | Contract Administrator | $28,616 |
Service code 33 29 SAWYER ROAD · WALTHAM, MA 02453 | Other fees; Securities brokerage | $16,224 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $105,273 | $45,825+129.7% | $90,645+16.1% | $56,287+87.0% |
| Participation rate | 71.8% | 66.7%+5.1pp | 74.0%-2.2pp | 69.9%+1.9pp |
| Annual return | -6.62% | 38.64%-45.3pp | 1.88%-8.5pp | -9.96%+3.3pp |
| Employer contribution / active EE | $2,011 | $1,372+46.6% | $2,532-20.6% | $2,111-4.7% |
| Participant deferral / active EE | $4,837 | $2,562+88.8% | $3,425+41.2% | $3,350+44.4% |
| Admin fee / account holder | $909 | $413+120.4% | $4,994-81.8% | $521+74.6% |