Filed April 1, 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 6-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 |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SVC Service code 15 · EIN 01-0233346 | Recordkeeping | $69,298 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $38,691 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,803 | $107,459-82.5% | $135,903-86.2% | $80,160-76.5% |
| Participation rate | 64.2% | 78.0%-13.9pp | 81.9%-17.7pp | 72.9%-8.8pp |
| Annual return | 29.49% | 91.91%-62.4pp | 68.23%-38.7pp | 40.38%-10.9pp |
| Employer contribution / active EE | $2,298 | $3,877-40.7% | $4,856-52.7% | $2,978-22.8% |
| Participant deferral / active EE | $2,755 | $8,195-66.4% | $7,758-64.5% | $5,017-45.1% |
| Admin fee / account holder | $111 | $127-12.6% | $10,762-99.0% | $145-23.4% |