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 |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INS. CO. OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $70,337 |
MAGNUS FINANCIAL GROUP LLC8 years Service code 26 · EIN 82-2239330 | Advisory (Participants) | $39,451 |
THE BENEFIT PRACTICE8 years Service code 15 1055 WASHINGTON BLVD · STAMFORD, CT 06901 | Recordkeeping | $20,483 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,263 | $66,444-48.4% | $120,225-71.5% | $79,634-57.0% |
| Participation rate | 38.9% | 42.8%-3.9pp | 69.6%-30.7pp | 62.5%-23.6pp |
| Annual return | 15.56% | 53.37%-37.8pp | 439.23%-423.7pp | 36.46%-20.9pp |
| Employer contribution / active EE | $838 | $1,860-54.9% | $3,475-75.9% | $2,529-66.9% |
| Participant deferral / active EE | $1,033 | $2,798-63.1% | $3,999-74.2% | $3,835-73.1% |
| Admin fee / account holder | $407 | $1,295-68.6% | $5,696-92.9% | $1,002-59.4% |