Filed April 11, 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 |
|---|---|---|
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829 | Advisory (Participants) | $188,192 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$18,075 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $49,958 | $107,459-53.5% | $135,903-63.2% | $80,160-37.7% |
| Participation rate | 50.1% | 78.0%-27.9pp | 81.9%-31.8pp | 72.9%-22.8pp |
| Annual return | 23.82% | 91.91%-68.1pp | 68.23%-44.4pp | 40.38%-16.6pp |
| Employer contribution / active EE | $330 | $3,877-91.5% | $4,856-93.2% | $2,978-88.9% |
| Participant deferral / active EE | $8,012 | $8,195-2.2% | $7,758+3.3% | $5,017+59.7% |
| Admin fee / account holder | $72 | $127-43.4% | $10,762-99.3% | $145-50.4% |