Filed June 11, 2021
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 |
|---|---|---|
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA ADVISOR NETWORKS, LLC Service code 99 · EIN 95-3845382 | Other Fees | $20,744 |
QUALIFIED PLANS, LLC6 years Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 49 | Other Services | $4,567 |
QUALIFIED PLANS, LLC2 years Filed as: QUALIFIED PLAN CONSULTANTS Service code 49 · EIN 20-0223513 | Other Services | $0 |
Filed as: VOYA RETIREMENT INSURANCE ANNUITY Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $0 |
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 | $44,180 | $78,485-43.7% | $106,213-58.4% | $74,495-40.7% |
| Participation rate | 86.5% | 72.8%+13.7pp | 75.3%+11.3pp | 67.2%+19.3pp |
| Annual return | 11.73% | 15.95%-4.2pp | 116.14%-104.4pp | 1364.94%-1353.2pp |
| Employer contribution / active EE | $993 | $2,523-60.7% | $3,171-68.7% | $2,623-62.2% |
| Participant deferral / active EE | $3,137 | $4,322-27.4% | $5,016-37.4% | $4,346-27.8% |
| Admin fee / account holder | $325 | $2,232-85.4% | $11,033-97.1% | $1,942-83.2% |