Filed October 3, 2024
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 |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $17,978 |
ROYAL ALLIANCE ASSOCIATES INC3+ years Service code 27 · EIN 93-0987232 | Advisory (Plan) | $13,832 |
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 | $49,228 | $57,065-13.7% | $75,670-34.9% | $70,131-29.8% |
| Participation rate | 96.6% | 68.1%+28.5pp | 72.3%+24.2pp | 69.5%+27.0pp |
| Annual return | 18.75% | 23.57%-4.8pp | 27.34%-8.6pp | 73.14%-54.4pp |
| Employer contribution / active EE | $2,257 | $1,817+24.2% | $2,352-4.0% | $2,342-3.7% |
| Participant deferral / active EE | $5,574 | $2,580+116.1% | $3,142+77.4% | $3,332+67.3% |
| Admin fee / account holder | $320 | $3,825-91.6% | $5,800-94.5% | $4,645-93.1% |