Filed October 23, 2023
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 |
|---|---|---|
SULLIVAN FINANCIAL LLC1 year Service code 26 7 WATER ST. · SOUTH GLASTONBURY, CT 06073 | Advisory (Participants) | $5,377 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $35,373 | $35,485-0.3% | $74,550-52.6% | $55,725-36.5% |
| Participation rate | 43.2% | 62.5%-19.4pp | 69.1%-26.0pp | 70.9%-27.7pp |
| Annual return | -5.48% | 0.72%-6.2pp | 32.53%-38.0pp | 244.93%-250.4pp |
| Employer contribution / active EE | $187 | $777-75.9% | $1,961-90.5% | $2,078-91.0% |
| Participant deferral / active EE | $2,017 | $2,181-7.5% | $3,108-35.1% | $3,356-39.9% |
| Admin fee / account holder | $289 | $114+152.6% | $5,060-94.3% | $115+150.7% |